Is buying a foreclosure a bad idea?

Related questions

1. Is it smart to buy a foreclosed home?
2. Are foreclosed homes cheaper?
3. Is it hard to buy a foreclosed home?
4. Do banks prefer foreclosures short sales?
5. Why is a foreclosed house so cheap?
6. How long does it take to buy a foreclosed house?
7. How often do banks lower prices on foreclosures?
8. How long does it take the bank to accept an offer on a foreclosure?
9. Do banks negotiate on foreclosures?
10. Why are foreclosures cheaper?

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14. #traps
15. #buying
16. #auction
17. #estate
18. #safer
19. #already
20. #owned
21. #through
22. #prices
23. #these