Well before foreclosed homes are actually listed, they are placed with an agent/broker who has a relationship with that bank or asset company who is handling that property. There is considerable work to be done before the price is set. Usually before a sign goes up in the yard, there will be a piece of paper posted in a window -- there should be a phone number to call on that piece of paper. This is how it works in the Birmingham market -- I worked for a local office with a lot of REO inventory. I hope my comments help.