Many of the previous posts are accurate. I do not know where you found the foreclosure listings and hopefully you did not sign up for Realty Trac and pay for useless information. Realty Trac posts homes that have had a bank levy or some type of action against them and you don't know what that action is, many of those never make it to Sheriff's Sale. The Sheriff's sale list is a good place to start, but again, the bank buys them back if they do not sell for a certain percentage of the debt. Before it gets to market, It can take from 1 month to 6 months to resolve any hanging issues with a property (multiple liens). Best source you have, is to have a Realtor search bank properties that have had all those issues addressed, and be prepared to do work on it. The utilities get turned off, pipes freeze...etc. Terrible system.