I wouldn't limit yourself to just foreclosed homes. There are many great deals out there. Many people believe that the foreclosures are the best deals when, in fact, they are not always the best deal. Work with a RealtorÂ® and ask him/her to do a search for you and send you homes within your price range. Lake properties in WI have been having a hard time, but prices are on the rise and they are now starting to move. Find a good lender and ask them about USDA loans. You may be able to purchase instead of renting.