Good question! Almost all foreclosed properties are listed with Realtors and you'll find them on my website (various buttons on the left side of the home page) . What you see advertised on the web is often from foreclosure auction houses or data aggregators who make lotsa money from naive consumers who pay them fees to get the data that is free from Realtors. And the bulk of the listings on foreclosure sites are 1) already sold 2) not ready to be sold yet or 3) never going to be sold for various legal reasons, such as the current owner giving a quitclaim deed and the house keys back to their lender to avoid foreclosure. In most cases all those sites do is ultimately steer you to a local Realtor to get the correct, updated info. Your best bet is to avoid those sites and have a good Realtor provide you real listings for free. If you work with me, and I supply your the listings, so long as the seller permits it, I will rebate 25% of my commission back to you on any purchase. Many of the listings headed for auction have been on the Realtor's MLS database for months and they are still available, possibly without paying the 5% "Buyer's Premium" that auction houses charge you above your bid. For example I showed a repo to a buyer today that he can buy today without the buyer's premium - but if he bids online and does not know this, he'll be subject to the auction house's premium. Pick a good Realtor and you'll learn lots.