There seem to be alot of foreclosure opprtunities for purchase out there especially in the Royal Oak and Troy Michigan areas of Oakland County. What are the top 3 to 4 things you look for in a foreclosure purchase opportunity? Do you want to be in Troy or near Somerset mall? Various bank owned foreclosure opportunities have recently popped up in Troy. These homes boast a strong central location, solid bones, minimal turn over and a solid neighborhoods. There are also various homes that are "Pre-foreclosures" that may be in even better condition than after the acquisition by the bank. You may only pay a few percentage points more than that of a foreclosure. These homes normally represent less work initially to make them livable. Forclosures have sold on average of 50-60% of what they wer... 11/04/2007