What is the common theme among homebuyers? They all want a ‘good deal’ when they buy. Hence the attraction when the subject of buying foreclosed homes comes up. Foreclosures are certainly not for everyone though, and before you set your mind to pursuing them, there are some questions you need to ask yourself. Do you have the means to buy a foreclosure, and which phase of the foreclosure process is going to give you the best advantage as a consumer? Start with your financial picture. Talk to your lender and financial planner about your prospects. Do you have enough cash on (4 comments)