Real Estate Investing - Foreclosures can be a good investment, but you really have to do your homework, when trying to purchase one.
When purchasing a foreclosure, there are no warranties, and not much information on its history, you have to be willing to do some research for yourself. It is like meeting a person for the first time, and not finding out anything about them. The listing basically had "little to none" in the way of information, other than the windows were recently replaced.
We purchased a foreclosure, and at one point, I wondered why it was, that I was doing all the running around, all the research, and yet writing cheques