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Dave Says: Finding Foreclosure Homes

Dear Dave,

We’ll be completely out of debt in September and looking to buy a home in the next year or two. We’re thinking of buying a repo home. Do you have any suggestions on where to find these?

Levi

Dear Levi,

One way is to buy the home from the owners before the sale happens. It’s better for them because they realize some money and it stops the foreclosure. It’s better for you, too, because you won’t find yourself in a bidding war later on the courthouse steps!

You can also find listing in your local newspaper under the legal notices section, and if you live in a metropolitan area it’s not hard to find a legal newspaper that lists incorporations, real estate transactions and foreclosures.

—Dave

For more financial help, please visit daveramsey.com.
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