Though the word foreclosure makes people excited, they are not always the deal they seem to be.  What we are seeing now is many homes that have been sitting unoccupied for very long periods of time and when the bank finally gets around to selling the property, in many cases the homes are in very bad shape.  Things like water intrusion and no electricity on to power the AC really do damage when left for such long periods of time.  Always make sure to have a thorough home inspection and watch out for cheap repair jobs.