Foreclosures hit the list when we discuss Flipping Real Estate. There are many types of foreclosures which are auctioned, sold be the owner, owned by the banks etc. Government foreclosures are yet another option. Investing in the government foreclosure would help you save big money in your next investment venture. When there is a default on the government foreclosure home loans, the government then auctions publicly and redeems the loan amount. They are often available at a lower bargain as compared to the market price. There are various government listings for foreclosure on different websites to help you choose the property of your choice.