Anyone can buy a foreclosure home with some knowledge and sound finances. But before you do so, you need to know that you are actually purchasing a home from someone who can no longer afford to live there. Foreclosures are not easy to find but once you have the resource and know-how, you can even profit from them if you buy a foreclosure home just so as to resell rather than staying there.Here are some simple steps to buy a foreclosure home. 1. Be mentally prepared that the property was seized from the previous home owner for defaulting on the mortgage payment. In other words, there are legal steps to be taken which would be different in each state.2. Assess if making an offer is worthwhile. Normally, the banks would like to recover partial if not all of their loans. Because of this, they...