"Foreclosure", price is not everything
Nothing has been finalized but the tax credit maybe revised and extended to give you another bite at the apple.
For those thinking about buying a foreclosure home, be patient. If you need to move in the next 30 to possibly 60 days, you may want to reconsider your foreclosure purchase. Your agent can get you through the process but unlike a more normal market, there will be some things they can not hurry.
Be prepared financially. You may be able to negotiate a desirable selling price but there are always other costs unplanned. Example: paying for a 2nd visit to verify repairs completed, missing appliances, fees the bank will not pay, etc.
It is an exhausting process for you the purchaser, the banks, and the agents involved. I don't have the energy to comment on short sales. Let's just say ,"Trick or Treat". Be safe out there this week-end.