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!

[Amber Cerone]

Quote from @Chris Merchant:

The quick numbers look good, I would check to ensure there are no other liens on the property.  This has already gone into foreclosure or is it still in pre-foreclosure?  If you can get the funding and everything checks out I think it is a no brainer to make a deal for the $270k JMO

 Thanks, Chris! It is in foreclosure. I will do a lien search!