Good Idea/Bad Idea? Trying to Buy an Owner-Occupied Foreclosure

[Steve Eagland]

There is a foreclosure that is about to go to Sheriff Sale, our realtor thinks we may be able to work something out with the bank/law office to purchase prior to the sale, but the house is still owner-occupied.  Being new to real estate investing, I am trying to figure out if this is worth the headache or if this has a high likelihood of turning out badly.  

Any opinion would be greatly appreciated.