There are a couple of ways. You can buy it off the court house steps at foreclosure auction. You can pick it up just before it hits the sale, you can bid on line, you can buy one from a wholesaler...lots of ways! The best way to buy a foreclosure, and know you are getting a great deal, is through an agent who works investment properties. I work a lot of pre-foreclosure, short sale, and REO properties. Let me know if I can be of service.