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First time buyer. Foreclosure homes?

Hi, so im a first time buyer and have little to no idea on buying a home. Im working with a relator, my budget is small. I noticed that all the homes I liked are foreclosed homes/bank owned, as for sale by owner tend to be out of budget. My questions, if I decided to focus on searching foreclosed homes because thats were the deals are, am I looking in the right spots? My relator sends me listings and I also look on zillow/remax, do these type of homes have sometimes a different source or are they listing through realtors just like anything else? What will me relator say about these homes and possibly auction type homes? Does my normal conventional %20 loan work for these types of home? And advice would be great🙏

submitted by /u/theguyman5555
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source https://www.reddit.com/r/RealEstate/comments/1ib53ro/first_time_buyer_foreclosure_homes/
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