My husband is a realtor, and we have owned real estate for many years. We purchased multi units as rentals. He gives expert advise on how to buy foreclosed homes. So, in your search for foreclosed property, obtain a good realtor. They are valuable. There are several ways we obtained foreclosed property. As a realtor, he can get information on good deals before the general public and this allowed him the opportunity to purchase first. Right now, most realtors are saying that, “it is a buyer’s market.” A buyer can set the terms on what they will pay for homes.