Other ways to invest with the kids in mind-Real estate- foreclosed properties

#1 Check with your local bank.

Start with the bank where your personal accounts are held. Ask the branch manager who handles the bank’s ORE (owned real estate) inventory. Try to set up a time to meet with that individual or contact them to gather information on current bank owned properties up for sale.

#2 Look for upcoming real estate auctions.

 Check with your local city government office to inquire about vacant properties, sheriff sales and possible foreclosures within your community. Ask about any upcoming auctions involving those properties. The U.S. Department of Treasury posts details regarding seized property auctions online at
http://www.treas.gov/auctions/treasury. View the variety of seized properties located throughout the U.S. that are going up for auction.

#3 Government foreclosures

The government also offers potential home buyers opportunities to purchase government foreclosures through the Department of Housing and Development known as HUD. HUD obtains the property when a foreclosure occurs due to a failed FHA insured mortgage. Browse the list of available HUD homes for sale at the web site http://www.hud.gov/homes/. Choose the appropriate state to search for HUD homes within your particular state. Connect with a HUD approved real estate broker within your area to learn about HUD homes for sale.