Foreclosure Help

I am exploring housing options for the near future, looking to buy my first house and willing to fix it up in order to sell in 3-5 years. I would be living in the house as I fixed it up as well. Is there any differences in buying foreclosed or pre-foreclosed houses vs. buying a realtor-listed house that’s for sale and making a low (but not too low) offer? Will it be worth my while to buy the listed house at a discount or should I go for a cheap foreclosure in order to get the best deal?

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1. What is the difference buying a foreclosure home and a bankruptcy home?
2. What is the difference Between resale and foreclosure homes?
3. What is the catch to buying a foreclosed home? Are the foreclosure lists legit?
4. Benefits of Buying Foreclosed Homes
5. How does buying a foreclosed home work?