I'm just kidding though I had to play on the words- Spell check.
In all seriousness A Realtor is your best bet. Foreclosed homes and short sales tend to get sold rather quickly, so a keen eye has to be open when looking. When they come on the market you have to act fast, and that is part of our job, acting fast with knowledge to get our clients what they want.
Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152
It actually depends on the state property is in. Some states 2 months others stste 9-12 months. As the matket warms and more houses are sold, more foreclosures will take place as the banks unload their "SHADOW INVENTORY". If you scroll through my blog http://www.dirktherealtor.com I posted an article about what "shadow inventory" is and what it means to buyers and home owners. Check out the post. Hope this helps.
Typed with thumbs
If you are a first time investor I suggest you to a look at my blog http://www.dirktherealtor.com where I recently created a post dealing with this very topic of investment products and income from Real Estate. Take a look at it. Scroll through another such post on free Real Estate information online and then talk with an agent to help you navigate this in the most efficient manner.
If you have any questions you can email or call me as well.
Happy hunting, Dirk
Sorry for any errors, typed with thumbs. Lol
"Helping people realize their Real Estate goals everyday"
Dirk Parker ePro, Realtor