Due to the high level of competition in the real estate market, it is actually very difficult to find foreclosure properties. There are many means for doing so now, but it’s important to be the first person to actually get to these homes. Some of the ways for finding a foreclosure are the internet, physical mail, friends and relatives, trade groups, seminars, and in the good old fashioned newspaper. I will walk you through a number of these areas methods in this article, but as we go through them, remember that you should never rely on any one single method. These methods are presented to you with the intention of having you build out your toolbox, so that dependent on the situation, you can easily adapt and become creative.

Another common way to find foreclosures is to read your local newspaper. In the United States, it is legally required to publish a public notice of auction in the paper. By doing some manual research, you can find these published notices and contact them. Another route you can go is to be on the other side of the fence and publish an ad where you are looking for foreclosures. Given the low cost of newspaper ad publication these days, it may be worth it to give it a shot.

Another fantastic method for finding distressed properties is to send out bulk mail to entire neighborhoods. By doing so, you are hoping that someone who is in pre-foreclosure will see this mail and contact you about their property. This is an excellent method, since you are helping the person to avoid foreclosure, while putting yourself in a great position for negotiating a low purchase price on the house. You also avoid the mobs of competition that will arise once a public notice of foreclosure is posted in the paper.

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Last but not least, don’t forget to network with everyone you meet. Be sure to let every person you come in contact with that you are looking to purchased foreclosure properties. You never know when someone you meet will introduce you to the next hot lead, or the next big purchase that you can flip. I recommend that you make business cards to give away to people, which will have your contact information, and a simple statement that says “I purchased foreclosed homes!” This will quickly grab people’s attention, and with any luck, you’ll have yourself a few additional properties per month to purchase.

Find out more about Finding Foreclosures at Foreclosure Property Listings.