Trevor:
There are alot of resources for that, almost all of which will cost you $15-$20/month, perhaps more. An example would be
http://www.Foreclosure.com. Those lists are built around the concept of calling on distressed sellers BEFORE they get foreclosed on and asking if they want to do a deal. It SOUNDS easy, but most people just aren't up for it when it comes time to do it. If someone is willing though, the deals are there.
The same goes for showing up on the "courthouse steps" the day they put the home up for sale prior to foreclosure. You need $5000 cash that day and the ability to close the entire deal almost immediately thereafter - few can do it.
Most of the very best deals I'm seeing right now have been through the foreclosure process and are now back on the market "bank-owned" with traditional real estate agents. The banks don't want to hold them so they price right. You can search for those any # of ways, one place is here:
http://www.DixieHomeSearch.com. Hope that helps.
- Mon Apr 14 2008, 11:44