Renee, I purchased a Foreclosed home for myself. As long as you can get inside the home and know the condition, so you know if the appliances are included and the amount of work that is required, the process if pretty much the same. Sometimes it takes a little longer to close if more than one bank has been involved in the foreclosure. You can have a home inspection done to know the condition of the home, but no repairs will be done. You are purchasing the home "as is", unlike a regular purchase, where you can negotiate repairs. Usually the asking price of the foreclosure is what you have to pay, if it doesn't go into a bidding way. Here, where I live, a foreclosure is a good purchase, if it is in good shape, but they are hard to find.