How do I buy a foreclosed home without using hud?

I want to buy a cheap home to live in for a short time(2 years) because I'm in the military. I'm interested buying a foreclosed home as an investment. Can you buy a foreclosed home and flip it? Contact me at my e-mail address if you can help me. At david_trapnell@yahoo.

Usually forclosed homes are sold with a prefreance to single family owners 1st. If the bids come in too low for a single family buyer then it opens up to investors...so if you look around you should be able to find one that has opened up to all buyers...

Since your in the military check the VA website and there should be a link to properties for sale in your area including foreclosures.

You need to go to auctions. Sometimes different towns, cities, counties have public auctions. These homes have been acquired because of back taxes. I think all they can ask is what is owed in back taxes, I may be wrong though. Also you need to be able to pay cash or check. You cant mortage a foreclosure. Also you usually cant inspect the home before buying so be careful.

Best way is to go pre-foreclosure- look at the legal notices and look for "Notice of Lis Pendens". It will give the owners' names and addresses. Talk to the owners, who should be MORE than willing to negotiate with you to gt out of a bad situation.

There is also Realty Trac, a web site that features foreclosures.