Considering investing in a foreclosed home? The Federal National Mortgage Association (Fannie Mae) has an online searchable database of residential properties that are currently owned by Fannie Mae. Fannie Mae had purchased the mortgages for these properties as part of its normal business practices and subsequently acquired full ownership via foreclosure, deed in lieu of foreclosure, and forfeiture. Fannie Mae, as you may know, is a stockholder-owned corporation (chartered by Congress in 1968) that, like Freddie Mac, is a government sponsored enterprise (GSE) that purchases and securitizes mortgages to ensure that funds remain available to lending institutions.
http://www.homepath.com/
You may search by state, county, city, zip code, MLS#, etc. For instance, as of this writing, a search of Vilas County returns 4 homes, Oneida County shows 12. Maybe there is a bargain there for you? (Don't forget what I do for a living -- I can be of assistance.) At this site one may also sign up for new property alerts delivered to you via email.