Use online resources to find foreclosure investment information There are many online foreclosure resources that provide listings of foreclosed properties and home foreclosure information. Financial institutions and real estate agents for financial institutions have listings of foreclosures, in addition to government resources. And, the newspaper usually advertises auctions of foreclosed properties, as well as deposit amounts required to secure a bid.

I recommend:  Properties offered by the Department of Housing and Urban Development (HUD) and Department of Veteran Affairs (VA) are available online, along with additional foreclosure information resources. Foreclosures.com offers a state-by-state guide to foreclosure law.

Be prepared to take advantage of foreclosure property information Before visiting foreclosures and attending public auctions, you'll want to get pre-approved for financing. Financial institutions selling foreclosed property will take you seriously just knowing you have financial backing. Foreclosures are usually quick to go, so you don't want to lose out on a great investment opportunity simply because you neglected to speed things up by getting pre-approved.

I recommend:  Contact financial institutions for pre-approval and information about buying foreclosure homes. BuyingHome.org and Foreclosure Deals are great places to start for information on home foreclosure.

Supplement your information on foreclosure with the advice of a good inspector Since foreclosures are usually sold 'as is,' it's significant that you take the time to inspect the home in advance. Get an idea of the cost of repairs and add that to the cost of the house. You may find that the property is not quite the investment you had initially assumed. Update yourself with all foreclosure information services that will keep the process stress free.

I recommend:  Review Lawyers.com for and extensive list of things to look out for when considering a foreclosure property, plus more real estate foreclosure information. Check out FindAnInspector.US to get a list of certified home inspectors in your area.