While it might be tempting to pursue a foreclosure thinking it might be a good “deal,” many times buyers need to be reminded that the previous owner was probably is distress for it to become a foreclosure/bank owned property. The history will not be readily available as opposed to working with traditional seller who will be required to disclose everything they can about what they know about the home.
In the case of a foreclosure, the bank had not lived or occupied the home so they will not know if the toilet gets backed up once a while or that the neighborhood is susceptible to loud music on certain evenings at the school down the street.
It might seem reasonable for the price be discounted but remember, the bank is also going to make sure they maximize on market value to hedge their losses in this foreclosure.
It is ok to consider looking at foreclosure homes but it is wise to remember, it may not necessarily be a deal.