The closing costs are the same for a foreclosure as they are for a regular retail purchase. ?The costs entail many different things including: the buyer's down payment, escrow holdings for approximately 3-6 months of pre-paid taxes and insurance, attorney's fees, recording fees, title insurance (this ensures you have a clear title and/or no suits against your title ownership), pro-rated mortgage payment (principal and interest), and pro-rated property taxes for the year. ?Foreclosures are typically sold as-is so you may be faced with additional costs due to maintenance neglect that are not involved in purchasing or closing on the home but might be necessary to make the home habitable.
Source: http://www.zillow.com/advice-thread/when-buying-a-foreclosure-what-are-closing-cost-entailed/462312/
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