If you are interested in learning about selling bank owned properties or foreclosed homes then there are some things you will want to do first.  The main advantage of buying a home through this venue is that you will carry a much lower risk with these properties.  The banks have had to foreclose on so many homes lately they are just about giving them away by selling them under market prices so they can get them off their books.  Depending on the state you purchase in you may be required to live in the home a certain amount of time  yourself before you can turn around and sell it.  Just think what a small sacrifice this would be for the possibility of such profit.