Should I buy a foreclosure?

by | June 19, 2011 | on Orange County Foreclosures | 3 comments

My husband and I are looking to buy our first home. We currently live in Orange County, California which is very expensive. Houses in our city start at around 500K. There are a few cities about 20 to 30 miles away that have nice houses starting at 150K, but most of them are short sales or bank owned. My question is, is it safe to buy a foreclosed or short sale house, if any house, in an area like this? We went to see a few open houses this weekend, and some streets had every other house with a f

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