Buying Foreclosures...a Good Idea?

Homes that have been in foreclosure present an exciting prospect for buyers. Because foreclosure can happen in any neighborhood, the possibility of snapping up a relatively new house in a nice neighborhood for a bargain-basement price is very appealing.
But buying a foreclosed home presents challenges -- including competition for those cut-rate pricetags -- and concerns about the condition of the homes.

The Star-Press.com puts their spin on this issue...