Foreclosures are still around in our inventory of resale properties.  They are typically being sold As Is with a right to inspect, as they don't have any history on the maintenance of the home.  You can close on a purchase of a bank-owned property in the same amount of time as a regular resale, as long as there are no title issues with the property.  Some of the banks have gotten more competitive in pricing with the resale homes on the market by doing some cosmetic improvements that are needed to make a home more saleable, such as painting and installing new carpeting.  There are still some great buys out there.  Call, text or email me to start a search specific to your needs and you can receive regular updates by email on available properties matching your criteria.