1st Time Real Estate Purchase - Foreclosure Help!

[Casey W.]

I am a first time buyer looking to purchase a bank owned foreclosure that is listed with a realtor. It is a 2500 sq ft home inthe nicest neighborhood within 50 miles. It is located in a yacht/country club/marina. Corner lot, in great shape. Hardwood floors throughout, crown molding, wood burning fireplace in living and master bed. 4 bed, 3 bath. Right of redemption date of July 08. It was listed 149 days ago, price dropped about 70 days ago down to $213k, and the realtor said they are looking to do another price drop. It has been inspected for termites and mold. This house is very nice for a foreclosure. All of the appliances except the frigerator were left, and they are almost new. My question is, what questions do I need to ask before making an offer?