Finding a foreclosure can sometimes be a sweet deal or a money pit. Please be careful if your interested in buying a foreclosure for the first time. Novice investors can be quick to make hasty decisions, which may lead to buying a bad investment. I can't say this enough. DUE DILIGENCE! As a novice investor, its recommended that you partner with a savvy investor, talk to a real estate consultant, or hire a knowledgeable agent whose familiar with the foreclosure market.TIP: The best way to find a steal is to work directly with the asset manager at the bank before (2 comments)