Know the laws and procedures of foreclosed homes in Alabama Laws about foreclosed homes in Alabama vary widely from other states. For example, most foreclosures in Alabama are handled by trustees and not by courts. Find out the steps to Alabama foreclosure property listings so you will know the best time during the process to purchase the home.

I recommend:  RealtyTrac lists the basic steps to foreclosure in Alabama and allows you to compare and contrast Alabama to other states. Foreclosure University gives an in-depth look into Alabama law. Foreclosure.com provides several webinars to teach potential buyers about the ins and outs of buying foreclosed properties.

Discover Alabama foreclosure property listings before anyone else You'll get a better deal on foreclosure property listings in Alabama if you discover them before anyone else. The best way is to buy the homes before they become bank foreclosures in Alabama. This is done during the pre-foreclosure process or at an auction.

I recommend:  FindMeDistressedHomes.com and Preforeclosure.com are services that specialize in findings homes in pre-foreclosure. According to Alabama law, foreclosure auctions must be publicized beforehand so check out the legal section of your local Alabama newspaper to find upcoming sales.

Seek out Alabama foreclosure listings through lenders They may cost a little more than at auction, but buying Alabama foreclosed homes are still a deal even when offered by a lender. These can be found at several places.

I recommend:  Contact the local chapter of the Alabama Association of Realtors (AAR) to find a realtor; they know their markets better than anyone else. Review daily foreclosure listings in Alabama including bank-owned homes and government foreclosures at ForeclosureDeals.com.