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Originally posted by techweenie
I'm gonna have to learn how to get foreclosure info without subscribing to one of the many services...
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Don't subscribe to the online foreclosure services. It's a waste of money. Two big sources for foreclousures are HUD and VA.
www.hud.gov for HUD. There's a link for VA on the HUD web site. The other source is bank-owned properties. You can get lists of these properties from some bank home pages, or find the bigger lenders in your area and contact them for a list of properties (REOs). Generally, HUD and VA don't like to discount their properties much (say 8-10% off asking), but banks are more liberal with their policies (in fact some would say they're irrational). However, irrationality can mean big savings.
If you're willing to do some legwork, it might pay big money. Just be aware that there are lots of players in the game, and the title "foreclosure" does not equate to "good buy."
good luck, jurgen