Sharing Knowledge in Smallcaps

[Bill_Investor]

Tim, if stuff is in the paper, it is not a foreclosure per se. This is most likely a sheriff (seizure, IRS lien) or tax sale.

Foreclosures are (obviously) bank owned property and are not likely to go to sheriff or tax sale.

Short sales are what I'm after. These are distressed properties (in default, but not yet foreclosed upon). Typically, a bank will negotiate a deal for a short sale at a discount to the loan amount owed. They will do this in order to avoid the costly foreclosure process. You may be able to find short sale opportunities on realtor or other sites (Craigslist), etc.

Have fun!