Many buyers pursue Power of Sale / Foreclosure homes because they think every single power of sale property is an automatic bargain.
A Power of Sale / Foreclosure property can be a bargain but not in all cases.
Buyers need to pay extra attention to Home Inspection by a certified inspector. Power of Sale / Foreclosure properties will be sold in AS IS condition.
Certified home inspectors are able to provide buyers with very detailed reports about the condition of the property. No one except a certified home inspector can provide you with a reliable report.
Power of Sale / Foreclosure purchase agreements are more complicated than regular ones.If you have any legal questions about the contract you should speak with your lawyer. Your lawyer is the only qualified person to give you legal advice (NOT your real estate agent!)
You can save thousands of dollars and create wealth if you do your home work and identify the real bargain!
Go through the information on this site and make yourself familiar with those deals. There are very nice deals available in your area of interest.