It could be difficult to find profitable foreclosures to buy. Warren Buffet famously declared he looked over 100's of investment opportunities every year and it'll be a good year when he finds one to invest in!!. When you go to buy foreclosures it can pay to take heed of the above advice.Listed here is a list of the places where you can find foreclosures.

<dl><dt>Neighbourhood Grapevine</dt><dd>Make an attempt and build contacts in the neighbourhood that you are looking at. These range from churches, local cafes, local voluntary organizations. After a while you may be able to create a grapevine where people will contact you whenever they hear of distressed properties.</dd>
<dt>Contested Wills</dt><dd>Follow any court proceedings where you will find contested wills. The judgement in a contested will case may involve selling one or more properties. These properties are usually sold in distressed circumstances because they should be sold under the court judgement.</dd>
<dt>Agents</dt><dd>You should get to know the real estate professionals in the neighbourhoods you are interested in. You ought to ask them to inform you of any distressed properties that come up for sale that you might be considering. A real estate agent ought to be a significant part of you team.</dd>
<dt>Attorneys</dt><dd>Attorneys associated with bankruptcies, divorces and contested wills disputes can present you with notice of distressed properties that may come onto the market. Properties may well need to be sold as part of a court judgement. If the properties have to be sold, they may well have to be sold within a certain time frame.</dd></dl>

The grapevine can often prove the most profitable source. The knowledge distributed by word of mouth will often not be listed from other sources. It can also help to possess a team of individuals to give you information so that you can check the reliability of the piece of information given to you.
It can pay to take heed of the advice that the best commodity when you buy foreclosures is information.