As Pacita explained, you can use sites like www.foreclosureradar.com to locate pre-foreclosures and pending auctions. However, once you have the information, what will you do then?
(1) If you find a pre-foreclosure you are interested in, you will need to contact the owner and offer to buy the property through a short sale. The bank wonâ€™t talk to you â€“ youâ€™ll need a Realtor with extensive experience in short sales.
(2) If you find out about a property going to the auction at the courthouse steps, youâ€™ll need to check title for liens, get access to the home (tricky if someone is still living there) and purchase with cash. Itâ€™s not a job for the faint heated.
(3) If you find a foreclosed home you like â€“ 99% of the time it will end up on the MLS as an REO listed by an REO listing agent who wonâ€™t talk to you. Youâ€™ll need a Buyerâ€™s Agent Realtor with extensive experience in foreclosures.
Or â€¦ you can get a Realtor NOW who will do (1) and (3) above for you and make your life a whole lot easier!