It’s all over the news—the current housing market is in a state of turmoil.  In fact, there was a whopping 79% increase in the number of foreclosures from 2006 to 2007! 

ARE there great real estate deals to be had because of this? Sure. Times like this mean bargains galore.

But whether you want to buy a home for yourself or as an investment property, you need to be careful NOW more than ever.

So here are a few very important (and often overlooked) “rules” to keep in mind when buying a foreclosed home...