Samia, this property is being listed through REALTY TRAC. This is an online database with preforeclosures and foreclosures and requires people to sign up and pay to receive additional information they have on their properties. My office has a strong relationship with many banks listing foreclosures, manages the properties throughout the foreclosure process and lists/sells them. I can tell you it will be in your best interest to find your own buyer's agent to represent your best needs.
Buying foreclosure properties are typically good investments if you understand the process and are ready to handle renovations. The buyer has additional responsibilities throughout the purchase, so as long as you're aware and prepared to handle them, I think it's a great idea to purchase the property. Basically, just consult your agent - as long as they have had experience with foreclosures, they will advise and walk you through the process. If you need any further assistance or questions, don't hesitate to contact me!
ERA Statewide Realty
Office: (908) 874-7797, ext 519