To help determine whether foreclosure is right for you, below is a list of characteristics of someone who would make a good candidate for buying a foreclosure: 1) You can easily obtain financing based on your current employment or pay cash in full. 2) You have more than sufficient funds to cover for any surprises i.e. missing appliances, etc. 3) You are willing to spend time and money to bring a property up to code or to make it competitive with other homes in the neighborhood.  4) You are fully aware that there may items missing on the day of possession that may have been present during the day of your viewing.  5) You have solid home maintenance and repair skills or can hire someone who does. 6) You have a “can do” attitude and willing to trade sweat equity for home equity.  7) You are not afraid to take on major renovations for potentially extended timeframes.