If you don't have a realtor, considering consulting a one for assistance. Trulia would be a great place to start.
Best of luck to you!
If the property is in the process of foreclosure proceedings the seller maintains control over what he or she sets as the price.....if a potential Offer comes in lower than what is owed(mortgage), the Bank will have to approve the funds/terms in the settlement. If the property has gone through foreclosure and a sheriff's sale and now is owned by the Bank, the Bank will determine the list price/adjustments. Professional Realtors make recommendations for price listings/adjustments based on analytical facts in the market. If you are interested in a Foreclosure/Short Sale I would definately recommend you seek the assistance of a Professional Realtor with experience in this Field.
The Birschbach Team
Keller Williams - Madison