Your best bet is to get a buyer broker who specializes in foreclosures. You need to be one of the first people to see the house, make your offer and have your pre approval letter in hand. A good agent can inform you as home sthat meet your desires come on the market. If you want to go it alone, you need to check the mls hourly. You may also check and see who the big listing agents of foreclosures are in your area. Ask to get on their list when they get a new listing. Often they will send out the info prior to it hitting mls. When you do find what you are looking for, put in your offer immediately, put forth your best price, dont put in any contincies if there are alot of lookers. terms are just as important as price to the banks. good luck in your search.