Don't Believe The Hype!
Many people think that to get a deal, they should purchase a foreclosed home. When in fact you can spend tens of thousands of dollars repairing a vacant, bank-owned home. In reality you will be paying more than you would have buying a "move in condition" retail home.
Do not compete in the bank-owned market, where you will pay on average 99.25% of asking price.
Purchase your next home retail and "Beat the Bank".