Apart from lists provided by banks and other lenders, you can also locate foreclosures by reading the notices issued by the city or county and posted in the legal sections of business journals and local newspapers.
Some properties are available to purchase when the city or county has “red-tagged” them, meaning that the house is unfit for human habitation because of a safety or health issue.
Look for newspaper advertisements that state that the advertiser buys properties – “We buy Houses” is often a giveaway. These are usually ads that have been placed by fellow investors and there is nothing to stop you calling them and asking for their list of properties.
Networking is important when it comes to locating and buying wholesale properties. If local realtors are aware that you are interested in potential wholesale deals, you will find it a lot easier to find properties. A good network of useful contacts is invaluable and one of the best things you can have in real estate. Make sure you always follow up with your contacts – rather than waiting for them to call you back.

And sometimes the simple approach is effective - many successful investors advise that you can do worse than simply drive around respectable neighborhoods and look for slightly run down houses that are for sale.
Many people who are trying to locate wholesale properties make the understandable mistake of concentrating on the cheapest properties in their area. In fact, a profit can be made from wholesaling more expensive homes as there are usually homeowners who are desperate to sell their more expensive home, too.

There are other sources of information that you can get from. The internet is a good way to start. There are websites such as http://www.finestexpert.com that offers services and has a wide range of properties that are for sale, rental properties, foreclosed properties. You could also check foreclosure.com and realtytrac.com for property listings but I think they charge a certain monthly service fee.

Best work with a local Trulia agent provide your specifications, lender approval amount,

Realtor can place you on an automatic email alert moment listing is posted in MLS

Websites charge you monthly service fee usually outdated info. and not correct. Why waste money when you can get something for FREE !

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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For absoultely the best FREE list of Foreclosures Check out http://www.REOmamma.com Search major inventories of Bank Owned/Foreclosed homes from Wells Fargo, Countrywide, Bank of America, JP Morgan Chase, Ocwen, American General, First National Bank, Homeq, Fannie Mae, HUD, AHMSI, Gmac, Citibank, USbank, Lamco Network, Carrington, REDC Auction, res.net and reotrans. This site also posts last minute bulk sale bargains that are available on land contract terms to registered users. This is the largest compilation of FREE lists of Foreclosed/Bank owned Michigan homes. It is up to date unlike many of the other sites. Here is a small sample :

One Line Report

Listings as of 11/05/09 at 11:34pm

Property Type: Residential
Status DOM/
CDOM Status
Date Listing# Price Address City Area BD BA Lot Size Approx Square Feet

--------------------------------------------------------------------------------

Active 22/22 10/14/09 2941794 67,900 124 Flora Ln Battle Creek B - 1 3 1 0.230 1100
Active 51/51 09/15/09 2937189 169,900 110 Hidden Forest Rd Battle Creek B - 3 4 3 0.380 1852
Active 85/85 04/15/09 2914061 74,900 10824 S F Dr Ceresco B - 7 4 3 1.000 3218
Active 27/27 10/09/09 2942133 29,900 1101 NW Bridge St Grand Rapids G - 14 4 2
Active 66/66 08/31/09 2934560 55,900 1508 Howland Kalamazoo K - 1 2 1 0.340 987
Active 188/188 04/23/09 2915741 9,900 1314 E Michigan Ave Kalamazoo K - 12 4 2 0.070 1420
Active 23/23 10/13/09 2941740 89,900 2618 Asbury Kalamazoo K - 12 3 2 0.280 1558
Active 19/19 10/17/09 2942419 34,900 80 Brookview Comstock K - 13 3 2 0.300 1560
Active 23/23 10/13/09 2941609 48,000 733 Daniel St Kalamazoo K - 13 3 1 0.400 1455
Active 16/16 10/20/09 2942153 69,300 6624 E H Ave Kalamazoo K - 13 2 2 0.460 1288
Active 55/55 09/11/09 2936093 170,000 10046 E C Ave Richland K - 15 3 4 0.620 2054
Active 6/6 10/30/09 2943627 79,900 5636 S 31st St Kalamazoo K - 16 3 1 0.930 1339
Active 21/21 10/15/09 2941964 43,000 1822 Quaker Ave Portage K - 19 3 1 0.190 1053
Active 80/80 07/06/09 2926572 94,900 7718 Julie Dr Portage K - 19 4 3 0.340 2016
Active 19/19 10/17/09 2942427 99,900 12698 S 39th St Vicksburg K - 27 3 2 3.000 1560
Active 27/27 10/09/09 2941819 29,900 6370 Maplewood Delton K - 31 2 1 864
Active 52/52 09/14/09 2936719 50,000 15649 Budd Rd Battle Creek K - 32 3 2 4.970 1344
Active 132/132 06/26/09 2925358 71,500 233 21st St Otsego K - 54 2 1 14.380 1101
Active 55/293 09/11/09 2936089 28,900 352 Monroe St Allegan K - 59 5 2 0.150 2120
Active 129/129 06/14/09 2923666 55,900 151 Park Ave Allegan K - 59 4 1 0.290 1248
Active 44/471 09/22/09 2937864 97,900 9936 51st St Grand Junction S - 95 5 2 3.200 2298

Property Type: Multi Family
Status DOM/
CDOM Status
Date Listing# Price Address City Area BD BA Lot Size Approx Square Feet

--------------------------------------------------------------------------------


Active 19/19 10/17/09 2942443 14,900 141-143 Avenue C Battle Creek B - 2 0 0.170 1058
Active 16/16 10/20/09 2942471 29,900 1101 NW Bridge St Grand Rapids G - 14 0 6900.000 1706
Active 188/188 04/23/09 2915743 19,900 710 Bosker Ave Kalamazoo K - 8 0 0.160 1872
Active 188/188 04/23/09 2915745 19,900 901 Walbridge St Kalamazoo K - 8 0 0.090 2055

Presented By: Richard Stewart REO Team / REO Specialists, LLC Phone: 269-345-7000
Featured properties may not be listed by the office/agent presenting this brochure.
All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
Copyright ©2009 Rapattoni Corporation. All rights reserved.

For foreclosures ONLY in SW Michigan, visit http://EasyHUDHomes.com

You may complete a form at the site asking for your criteria, including; specific area or school district, price, size of home, etc. The list will be emailed to your free and without obligation.

The homes that are sent to you will match your criteria. Many of the homes are Kalamazoo area foreclosures including HUD homes.

The lists are current and as accurate as they can be. Photos, prices and full descriptions are provided.

Ugogirl,

99 percent of lenders market their REO properties (those completing the entire foreclosure process) through real estate companies.

Those in other stages of the foreclosure process may be found on 3rd party providers. You may or may not be able to purchase at a better price from these sites or the home owner.

For any foreclosure property, the buyer is required to perform additional Due Diligence to verify there are no outstanding issues on the property.

Some of the websites mentioned require a real estate professional to submit your bid, others may be "lead providers" for local real estate agents. I suggest reading the fine print for any site you choose.

Wish you luck/skill in your transaction.

Ugogirl, Give these a look, they will provide you the links to all the Bank/Gov REO/Foreclosure sites created to give the public free access to the information you are looking for..
Sites like these.... http://www.mcbreo.com/ ... http://reosearch.fanniemae.com/reosearch/ ...
http://www.pasreo.com/pasreo/public/propertySearch.do ... http://www.wamuproperties.com/

The links to all the sites are here .... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp
http://www.biggerpockets.com/bank-reo.html

Tax Sales .... http://www.tax-sale.info/
Useful search engine for public records ect....... http://publicrecords.onlinesearches.com/Foreclosures-and-Tax…

Auctions... Use Due Diligence .... http://www.naarealestateauctions.com/consumer/search/search?…

http://www.propertyauction.com/Residential-Real-Estate-Aucti…

http://www.williamsauction.com/Search/SearchResultsState.asp…

Good hunting, Dunes

Ugogirl, Free sites are all over but few give you all the details unless you join them. Try HUD.gov and reomamma.com first. There's a bunch of them in that zip area, just call me if you need some help that's what I do. Herb

We sponsor a free website where you can see a list of all the foreclosed homes for sale, and that is found when you click on the link "foreclosures" on http://www.VeenstraTeam.com. There are absolutely no fees to see the list and you will see a list of homes that are currently being foreclosed. What that site leaves out, however, are all the great deals that are on the market by sellers that are either short sales or homes simply for sale, but we can help you find those homes also.

You may miss the best opportunities if you rely totally on the list of foreclosed homes for sale.

You will be better off to get in contact with us and we will provide our Free New Home on the Market Search. Just let us know your specifications and price limit and we can make sure you see the homes on the market that meet those specifications. You will initially get a list of all the homes that are currently on the market that match and they you will be alerted each time a new home matching your description comes on the Multiple Listing Service. We will give you access to a really easy to use website of your own where you can save or reject homes that you look at. This makes your home search much simpler and more effective. Feel free to contact us and we will be glad to get you started.

The Veenstra Team
David Veenstra, Associate Broker, MBA, CRS, GRI, E-Pro
Evenboer Walton REALTORS
269-350-5514
SoldATVeenstraTeam.com (please replace @ for AT - we are trying to limit spam)
Serving the Greater Kalamazoo, MI area
Get to our foreclosure site and get to know us at http://www.VeenstraTeam.com

A Realtor in Michigan should be able to provide that to you. [I provide free listings of foreclosures in Virginia, where I'm licensed, all the time to anyone who asks. And I know plenty of other Realtors in Virginia and elsewhere who do exactly the same thing.]