Buying a Pre-Foreclosure home

[Mateusz Prawdzik]

So I am new to the REI scene and I found pre-foreclosure home for $88k. The listed value of the home is $189k and the rest of the homes in the neighborhood have mean value for $205k. Some details about the home...

It is located in central New Jersey

It has minimal evniormental risk

School system is rated B-

Property taxes are $4k

LTV: 46%/$89k

Now my real question is are foreclosure hard to deal with (especially as a amateur). This would be my first deal and most likely I would be going in alone on it. Or as a beginner, should I stay away from foreclosures and stick to FSBO. I would appreciate any input on the matter. If there is any other information I can provide as well, please don't hesitate to ask.

Thanks in advance,

Mateusz Prawdzik