[Fibrosa]

In the next few months my wife and I will be on the market to buy our first home. In the mean time, I want to educate myself on the process, what to look for and what to watch out for.

We've been looking at foreclosed on homes and they look like a steal. This has gotten my spidey-sense tingling though, since if it looks too good to be true, it usually is.

So what's the deal with Foreclosures? Also, where can I go for the 411 on buying a new home?