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Foreclosures: Any Info on Obtaining Foreclosed Properties??

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I wanted to know if anybody here has acquired property through foreclosure, pre-foreclosure, real estate auctions, and situations of the like. The reason I'm asking is because most of the properties in my immediate area are somewhat out of reach financially because I just started full time at my job.

I was reading about things a notice of default on a property but there are certain things that I don't quite understand the complexity of it so. so i was some folks would break their situation and experience.

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i heard from someone else that you can get a full list of foreclosed properties in your area from your local courthouse. ive yet to do it, but that could be a start.
 
Foreclosed and pre forclosures are two seperate things.

The first has already been taken back by the bank and the other is about to be taken.

To play the pre foreclosure game you have to have 1 of two things.

The time to go and get the list everyday/week from the courthouse or someone that is reliable to get the list for you.

There are services that sell the list but In my experience, they are at least a couple of days behind the real list so getting it yourself would be much better.

PM me if you are interested in getting into the game, this market is rip for the picking and there are waaaayyy more things out there than just preforclosures to focus on. You can get started with some bird doggin for me... I am straight to the point, and will share info as long as its a win win situation for the both of us (put your time and effort where you dreams of making it big in real estate is). I been doing this for 4 years now.
 
I think that the question is too general. There is too much information to post in one quick reply. Like Dollovan1 said, "There are foreclosures and preforeclosures." If you are just looking for listings, run a search on foreclosure listings. Here's a site that will give you some general information, so that you don't have to go down to the courthouse every day.
http://www.foreclosurefreesearch.com/
http://www.foreclosure.com/
http://www.foreclosurenet.net/

I like preforeclosures because you can deal with the banks to negotiate a short sale. Stick to your guns and try to get is for 55-60 cents on the dollar. Once they go to foreclosure, or trustee sale, the court fees/late fees etc are added in and it makes it tougher to find that gem. A lot of homeowners are leaving the keys on the counter and walking away from the home nowdays. If you catch it while it is still somewhat new and still in the preforeclosure stage, you can negotiate with the banks Loss Mitigation Department, and get a deal. I hope this helps.
 
after doing some research im prob looking more into pre foreclosures now. i talked with somebody about it at work and they said it takes a lot of time because there are land sharks just out there waiting available property to come up foreclosured, tax-defaulted, etc. so i think for me to do it it's gonna some time and effort. the thing is finding the time to do.
 
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