<prompt> Human: There is a foreclosed house for sale around me. They want around 11,000 for it. I can pay cash for it. Is there a risk to it that I dont know about? It just seems to good to be true. I am very young and I dont know a lot. Thank you  <response>: 11K? How much is the home worth? If the home is worth 100k, for example, why would the bank be selling it for 11k when they could off load it at a discount very quickly, but at 11k they are practically giving it away. That sets off alarm bells. There must be something seriously wrong, such as its in a condition that no buyer could get financing, or theres some other huge problem. If you look into it, do your due diligence. Get a home inspector, do a title search, buy title insurance if you buy it. 