BEST ANSWER
FIRST ANSWER
Why would you have to pay a fee? All the information is out there for free.
If you want to work with a Realtor (I'd recommend that, but it's a free country), call a Realtor. Foreclosed properties are brought back on the market as REOs (real estate owned...bank-owned properties). They're all listed on the MLS. You can't just approach a bank on your own and expect to buy a house. A Realtor won't charge you a fee.
If you're talking about pre-foreclosures, you can find them yourself in your local newspaper, in the classified ad section. Or, go down to your local courthouse where the notices of default are filed.
If a property is being offered as a short sale (not a foreclosure, but someone trying to avoid foreclosure by selling their house for less than what's owed on it), again work with a Realtor. Many homeowners who are facing foreclosure will attempt a short sale.
It's easy. And free.
Tue Jul 8 2008, 16:17