Foreclosures can be an excellent deal if you know what you are looking for. Finding a North Florida foreclosure home will involve you doing a little a little bit of digging. Trustee sales are one way to purchase a foreclosure. Once a homeowner is late three payments, the lender begins preparing for a foreclosure. If the owner fails to set the problem straight, the home will be auctioned off at the trustee sale. Many foreclosures are published in the local newspaper in the legal section. Foreclosures are often listed directly on the property and somewhere in the city where the sale is to take place. Purchasing a foreclosure can be a challenge for beginners. Many experienced investors know how to win the bid.