Hi Esther,

Before even beginning the search, the very first step is to speak with a lender to obtain a pre-approval letter. Most foreclosures are either bank-owned or corporate owned properties. A bank (or corporation) has acquired property rights at a sheriff's sale and then lists the properties with local area Realtors (who represent the bank or corp) who then place it in the Multiple Listing Service to share with other Realtors.

You will want your own local Realtor to represent YOUR interests. Once you have been pre-approved you'll know your price range; add in any additional criteria you might have for a suitable property (size, location etc). Computer searches of the local area multiple listing an easily be sent via email. as are offers to purchase.

If you are planning a visit, certainly you'd want to see available homes with your Realtor but if you aren't planning to visit the Cleveland area, it's not a problem! I've worked with buyers over the internet now for several years and while its not the same as "being here", my clients have successfully acquired homes and investment properties sight-unseen (digital photos and virtual tours help a great deal).

This area is extremely affordable as compared with many other parts of the US. If you'd like further information or have additional questions or if I can direct you to a professional local lender, please feel free to email me directly!

Best of luck!

Diane Norris
Realtor, e-PRO, GRI, SRES
Keller Williams Gr. Cleveland
email: Diane@GreaterClevelandProperties.com

Majority of foreclosure's in the Cleveland area are sold by Realtors. If you know of a particular area or price range you want to stay in, I would be more than willing to show you what is available.

I would need more info on what you plan on doing with the property to advise if there is a step by step guide. There are many books available but they vary greatly depending on what your strategy with the property is.