If you are looking at the market to buy foreclosed homes then you are cashing in on a property someone else was no longer able to pay for. Buying Foreclosures may sound like a lucrative business but you really need to know what you are doing in order to turn over a decent profit on them.
What Foreclosure actually means is that the owner can no longer afford to pay for the property or mortgage so the lender in question takes back the property but is most likely willing to offload it in order to recoup some of their investment as soon as possible.