Repossed Homes

I am looking at buying my first home and in the process I have stumbled upon some Foreclosed homes. Is this a good idea, MUCH cheaper as far as I can see but seems too good to be true. Has anyone else ever bought a foreclosed house? Where is the best place to look for these homes? Is there any negatives to these homes? What do I need to watch out for?
I am in the state of Iowa, if you could give me any ideas of where to look for these homes I would appreciate it.
Real estate agents assist with foreclosed properties?

Dave Dettmann takes you on an informational “need-to-know” tour of what to watch out for when buying a foreclosed home. There are many things the buyer needs to “beware” of when purchasing a bank foreclosure, and this video will answer many questions. Part 2 in a series. Dave Dettmann is a Realtor and a real estate trainer & professional speaker, and has over 20 years experience in the field of real estate. You can reach him by e-mailing him at: dave@realestateagentsedge.com.

More than 2.5 million houses in the United States have been repossessed by banks since the economic crisis struck the country. But the impact isn’t only financial. Many forced out of their homes are taking drastic measures – with some even choosing to take their own lives when faced with eviction. RT’s Madina Kochenova reports. Subscribe to RT! www.youtube.com Watch RT LIVE on our website rt.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.

This is a home that recently went into foreclosure in Ladera Ranch. Property details are here: www.mysocal-realestate.com Every week we tour/survey new foreclosure properties in Orange County California. To see more details on this property or other bank owned properties you can visit our website at www.mysocal-realestate.com and use the free online foreclosure property search.

A look inside one of my bank owned properties!! A “GREAT” Value!!!!