There are properties that are in foreclosure that the owner still has the right to sell on the open market and are often listed in the normal fashion as a property available for sale, trying to get the market rate.
Then there are properties that have missed the boat for various reasons of being sold before the Bank gets to the Court house steps to auction them, these are listed in Public records, but the reality is the work involved in gathering all this public record material, you are better off subscribing to a company that charges a fee to gather such information: IE http://www.Propertyshark.com. Auction dates change at the last minute, properties get taken off the auction block for various reasons etc. etc. this is not for the normal home buyer, plus you do not have the opportunity to view inside foreclosure Auction properties before bidding.
Then there are the "foreclosures" that no one bid on at the Auction and the Bank now owns. Many times Banks bundle these and sell them to developers that then fix them up and resell them as "Foreclosures" giving the impression that the buyer is getting a deal, they are not, they are being sold for what the market will bare. And sometimes the Bank will list the house with Brokers as a house for sale in the normal market.
To get a true foreclosure on the court house steps, so to speak; Auctions are actually held in Court rooms or Attorneys offices etc. Rarely on the court house steps these days, but you will need 10% of your winning bid at the hammer and the balance is cash normally within 30-60 days in cash. No inspections, no mortgage contingencies. As-Is.
This is short explanation, to why there are No "Free" lists for Foreclosures.
Kathryn Lilly, Broker
Realty on the Greene, LLC