[Gladis]

Ok, well, I am 25 and am starting to get interested in buying a home or condo. I was looking in the paper and there was a condo for 26k that is in foreclosure. It's a nice enough place, and was interested in buying it to live in it, or even re sell it. I know I don't know much about the "flipping" process but want to learn. Is this a deal? I don't have much debt (around 2k in student loans and credit cards) and have around 20k saved in the bank. Any info would be great, especially on the foreclosure thing, I have read up on it but am still not clear what it is, or what it really means.