Foreclosures are not always bargains. On the contrary, with falling prices, many foreclosures are not worth what the banks are seeking for them. Each deal has to be evaluated very closely to ensure that you're getting the house/property for the right price. You may have to look at 25 or more homes before you find one that is worth making the investment on. If you're buying with credit rather than cash, you also have to figure closing costs and the length of time you will be holding the property. You need to find a realtor that you can trust, hire that realtor to represent you as a buyer's agent, then let that agent find several properties to review. Don't jump the gun. Being over anxious can put you in a bad position.
Century 21 Princeton Properties