Opportunity? Trap? Other?

[Joshua Thompson]

Hey BP, I hope all is well. I'm in a situation where I'm trying to figure out what would be the best course of action.

I recently came across a mortgage lender that foreclosed on roughly 54 properties in the Houston Texas areas, 32 of the 54 remains. I do zero investing in Houston. Some of these properties are fully renovated and others partially renovated. Some of which are on the market and others off markets. 

The lender had a client that over-leveraged which resulted in the lender foreclosing on each loan.

After speaking with the lender for the past week they gave me an updated list of what still needs to be sold. Which leads me to determine if this is an opportunity, trap or other.

My situation is I have a little stashed away I was saving for my next deal, I don't know anything about the Houston market and won't buy unless I know someone that does.

I would love to know your input, ideas, advise or hand. What would you do if this landed on your plate?