Before going for making any investments in buying foreclosed homes or land, one need to ask some questions to him/her self as it is not that easy and needs expertise advice.

Following are the questions that are necessarily ask to yourself:

Do you have prior home ownership experience?

Will this be the priority home or an investment Property?

How solid is the financial situation?

Above are the questions that are necessarily answered and needs and implementation. I would like to know the response from all of you guys here.