Foreclosures, or no?

[Amber Cerone]

I'm still learning alot! Are foreclosures a worthy strategy, or is it too late at that point? I know we want to target pre-foreclosure, and I've heard that foreclosures can take a long time to get through the process. I found one in my area:

Asking $270k, Repairs $150k, ARV $675k

I would welcome any advice in this area, anyone who has experience and why yes or no. thank you!