Although foreclosures have been on the decline since the height of the housing crisis, there are still many bank-owned homes available throughout the Chicago area. As Taylor Johnson clients Proper Title, LLC and Renovo Financial tell Realtor.com, buying foreclosures can present opportunities for homebuyers and investors — if they know what they’re doing. In the article, each firm shares what to look for in a foreclosure, how to negotiate the best terms and how to avoid the common pitfalls inherent to these types of purchases.