| Money is tight these days. People are having a hard | | | | Another great source for foreclosures it the HUD (US |
| time paying bills. It is hard to imagine yourself buying a | | | | Department of Housing and Urban Development web |
| home when your cash flow was not what it was a | | | | sites. The government and HUD already own these |
| year or two ago, but there is a way through | | | | foreclosures. Originally, these were FHA homes. The |
| foreclosures. There are two types of foreclosure | | | | government is looking to recover the loan amount on |
| listings, free and paid subscription listings. Times being | | | | these homes only so you can almost always get |
| what they are and the fact everyone wants to save | | | | below value pricing. HUD also has incentive programs |
| money let's look at free listings. | | | | for their houses that could also save you up to 50% |
| Sometimes it is a little hard to locate free foreclosure | | | | off the asking price. |
| listings but they can be found on the internet using | | | | A good but less thought of option for finding |
| search engines (Google, yahoo etc). Once you find | | | | foreclosures is to contact the REO departments at |
| one or more check it frequently as the best homes do | | | | banks. They handle the homes that the bank has |
| not last long at all. Sometimes these listings are through | | | | foreclosed on. By making friends within this |
| real estate office web sites. The key is to think | | | | department, you can get access to foreclosures |
| differently than the average person. Try to find unique | | | | before they are given to the general public. This is |
| ways to locate available homes before others. Make | | | | another great way to save a substantial amount, as |
| sure that you read all the fine print at these free | | | | with the government and HUD the bank is looking to |
| foreclosure web sites. Sometimes the "free" is for a | | | | only regain the amount that was owed when the |
| limited period. | | | | home went into foreclosure. |