The last step left to do after you have made you decision to invest in foreclosures is finding the right foreclosures. There are many sources to find properties that are in foreclosure. The two major categories are bank owned homes and government foreclosures.

There are many different sources when thinking about government foreclosures. A few of the available sources of information include: va foreclosures within the Department of Veterans Affairs, hud foreclosures from the Department of Housing and Urban Development, the Department of the Treasury, the Small Business Administration, the Marshals Services, the USDA (Department of Agriculture), the FDIC (Federal Deposit Insurance Corporation) and Fannie Mae.

Regarding bank foreclosures, often, banks will have REO lists on their Internet page, and you can even find these banks on the Internet as well. Asset management companies also often list bank foreclosures. They work to assist lenders to get rid of assets, and so they often have REO properties for banks that are their customers on their Internet page.

Pre-foreclosures are good places to look to make investments. To make money off this process it is important to understand the foreclosure process. The County Clerk makes a record at different parts of the process, these records are open for anyone to view. This gives anyone the ability to locate properties that may be fore closed upon. This allows you to talk to the owners of the property about buying the property before it goes into the final stages of foreclosure, helping them out and making you money.

As is required, the Notice of Sale of a foreclosed property must me published in the newspaper. You will find notices for trustee sales in the Public Notices section of the local newspaper. It is important to be thorough with your research when you buy at trustee sales, therefore it may be better to be aware of properties before they reach the public notice stage of the foreclosure process. Exercise caution as properties are sold "as is-where is".

It could be worth your time to research the county website to learn about your target market. Look for resources that are available to research foreclosures in the market. This can help you if you are interested in buying pre-foreclosures or foreclosures at a county auction.

As you may notice there various sources of foreclosures and I recommend that you explore several sources as opposed to only using one foreclosure database. If you expand to include the listings of a few banks, asset managers and government agencies as well as the county clerk you will have a more varied range of listings to chose from. And this will give you an edge over investors competing with you for properties.

As you may have noticed there are various sources of foreclosure properties. I recommend that you explore several sources as opposed to only using one foreclosure database. Two key groups of listings include government foreclosures and REO sales. It would also be beneficial to become familiar with the website for the county that is your target area to make use of the resources that it offers for searching for foreclosures in the area. This will be useful for you whether you are looking for pre-foreclosure properties, or foreclosure auctions on the steps of the county courthouse.