It's amazing how many buyers want foreclosures in this "buyers" market.  I realize they are able to acquire the home at a lower price, however, at what other costs?  We have a transaction in which the house is in foreclosure and we are representing the buyer.  It has been very important that we have numerous inspections - ie. home, septic, wood destroying insect, water, and also a structural inspection by an engineer.  The septic needed inspecting and pumping at the request of the lender because the home has been sitting vacant for a while.  The structural inspection revealed problems as did the home inspection, however, the structural inspection revealed a problem that was very important to address immediately.  It's a brick home with a major crack at the back.  It has been noted that a beam in the addition that was added some years ago was not sufficient to support the load that it is carrying.  This means that there are further inspections needed to calculate the load and then another inspection from a general contractor to determine how much it will cost to fix.  These problems are now "material facts" for the seller so we are hopeful that they will be paid by the seller, but the buyer will be responsible for the inspection costs which seem to be mounting.  This along with walls to be patched, painting to be done, carpet to be replaced, rotten wood to replace, electrical issues to be addressed, not to mention lawn care and trimming to be done, and that's not all.. did I mention it has active termites?  It makes me wonder how much of a "deal" does the buyer feel he's getting?