Need help understanding steps to buy a foreclosed property

[Pankaj Rastogi]

I am looking for help in understanding steps to buy foreclosed property in California. My questions specifically are:

1. How to identify a suitable property

2. How to initiate the buying process? Is home appraisal and general inspection allowed during pre-foreclosure?

3. Do I need to involve a foreclosure specialist agent or any real estate broker will do?

4. What if the property is occupied by a tenant?

5. Will I assume any debt balance?

6. What are the key pre-cautions and observations to keep in mind before making an offer

7. Do banks offer loans to buy a foreclosed property?

8. I have read that it is better to buy in pre-foreclosure state. Would appreciate some detailed reasons/examples.