You start with a Realtor with whom you can relate. There is a lot of data out there that any Realtor can advise as to how many homes are foreclosing and how many neighbors are behind on their payments etc.
Be persistent with your Realtor or make the change.
If you are interested in a particular house, then call the listing agent.
You can also call the City Records dept. And they can give you some idea.
There's also a few websites that advertise foreclosures. Try Googling foreclosures.
Another idea to consider is placing your own ad in a local newspaper or on Craigslist.
Also, if there are any banks doing mortgages in your area, ask your banker if they know of any foreclosure properties that might fit your needs.
Many Realtors don't work with foreclosure properties. You need to find an agent who is specializing foreclosures. You can also purchase a service company called Retran for the list of foreclosure properties. Good luck!
A realtor that specializes in REOs can be invaluable in your search for REOs. Our Brokerage deals with REOs exclusively. We can help you and guide you through the process of finding and buying REOs. We have over 250 Foreclosed Homes in inventory and 5 currently in La Canada. E-mail us we can help!
John and Mike
"The market is what it is...." and some people refuse to adjust.
With this said, thare are many foreclosure opportunities on the market today. If you are working with an agent that is not performing to your expectations...cut them loose and find someone else that can get the job done for you.
If I were your agent I would ask why you want to do this? Most bank owned props are distressed, need repairs, are no bargain, cannot be negotiated with a live person. Many realtors avoid this niche because of the time consuming nature and misunderstanding of buyers who think they can get something at a 'fire sale' price. Banks don't give them away. Of course, some agent will write that they do it all the time and with success. They are probably in a very down market area where it is routine. Most of the country is not in that market, yet. And of course, IMHO.