Hud Officer Next Door Questions About Buying A Foreclosure Home In CA.???

Questions about buying a foreclosure home in CA.??? - hud officer next door

My husband and I thinking, buying a house is in foreclosure, but not sure whether certain things.
* The property in question was held by the family for ten years, but a few years, they have a mortgage of $ 350,000 2. Between the first and second loan for about 700,000 U.S. dollars. The property is now only worth about $ 425,000. From what I understand, is the latter who were left behind.

So if we buy these properties, we will pay what the house is worth, or in any way be held liable for any debts?

Besides, who knows something about the next HUD program Journal of? (This is where officers can purchase HUD homes for 50% discount) The site says that their houses are currently in my region. Use in your household are excluded from this program, and if it is a matter of months before they are flooded with homes available?