The foreclosure industry is booming today, as investors are finding a way to turn the bad fruits of our recession into an investment strategy.

Starting with the old school option, foreclosure listings are found in every local newspaper. Even though newspaper prices have gone up, they are still fairly cheap, although you will need to buy at least one copy per week to keep up with the new listings. Also, you can carry the foreclosure section around with you, and it helps if you read other sections of the newspaper as well.

Searching by City, State, county or Zip Code is a common feature. Many allow you to limit your listings by selling price, property size, or even school district, further helping you refine your list of prospective properties.

Look for sites with good search features, that will allow you to find properties based on the criteria that are most important to you. This can include area (usually by zip code), selling price, condition, size of property and where the property is in the foreclosure process.Another important feature to look for is pictures of the site. While you may still want a first hand look at any property you are going to bid on, these pictures will at least let you eliminate properties from consideration based on appearance and condition.

Like the newspaper, these sites often charge a fee for full disclosure and access, but if it helps you to qualify your purchase to maximize your profit, that fee is more than justified. Many of these sites have a free, limited information section as well as free trial periods.

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