Foreclosures have hit all-time highs, creating a very sad situation for the more than 900,000 people in danger of losing their homes. But if you're not facing foreclosure, you may be wondering about buying a new home on a foreclosure bargain. We've been asked this a lot lately, and it's a tricky situation. I (Ken here) will take you through three important steps to make sure you don't get burned in the process.