Find a good realtor to work with! Foreclosed homes only really become available to purchase once the bank lists them with a realtor. There are other options, though, that a good realtor will know about, such as short sale properties and other distress sales that you may want to take advantage of as well. A lot of times Short Sales provide an even better option. And, since the seller typically pays the real estate commission, their services are FREE to you! Talk about a bargain!