A flood of foreclosures, but should you invest?

CHICAGO (MarketWatch) -- The number of homes in or nearing foreclosure is growing, and some investors are taking advantage of the bargains created. But even with a steady stream of distressed properties coming on the market, jumping into foreclosure investing is dangerous, especially if you are not familiar with the process or new to real estate investing.
"Some people are using the phrase 'tsunami;' there's going to be a tsunami of foreclosures," said