The current leader on the internet relating to providing information on foreclosures is recognized as RealtyTrac however you do have to pay to receive their informational services on foreclosures. Yeah, you just go directly to the bank websites. These list the REO properties that the bank has already taken back and is now selling. This is basically the same everywhere. It used to be that people would buy a house and get it reappraised 2 months later and then take out a home equity loan immediately thereafter. This was OK when house prices were continuing to go up and up and up without end in sight.

Well, now the story is different and house prices are dropping. As a result, ALL lenders have changed the way they do business. 555,000 when i bought it. Mortgage brokers who tell you otherwise will disappoint you in the end.