WSJ Expert June Fletcher on Foreclosures

Good advice:

"Bargains abound, particularly in foreclosure properties. While many Web sites sell foreclosure information...you don't have to pay an online membership fee to find them. Title companies, real-estate agents and lenders -- including credit unions -- all have information on homes in various stages of foreclosure" and
you can also find listings in local newspapers and Web sites.


BIG BUT: "you will get a better deal if you buy a house before it goes to auction, or after -- if it doesn't sell on the courthouse steps. Bidders at an auction sometimes get caught in the heat of the moment and push up prices."

-- Thanks to always-helpful columnist June Fletcher-- read full article here. Foto credit: ABC News