[rwcw]

My wife and I searched the internet for and found several foreclosures in the Villages. I don't know enough about the process to be comfortable pursuing them. There are several different stages, apparently. The first stage is when the bank realizes no one is paying for the mtge and hasn't done anything. The next is after they've cleaned the house out and arranged for lawn mowing, etc. and then after some waiting period, they're allowed to sell it at auction.
One of the houses was a ranch with no appliances that the across the street neighbor speculated could be bought for $100,000. We found a Gardinia up in Glenbrook on the corner of Worth Circle and Talley Ridge Drive, too. There were others, but I threw out my material, knowing I wouldn't be pursuing them. I guess one would have to go the the tax office to find out who (what bank) owns the property and then to the bank to find out what the delinquent amount is and what they'd take for the property, keeping in mind that the banks will generally be very anxious to get rid of the property. One item of interest is that at least one of the homes on the foreclosure list that we had appeared to be cleaned up and listed through the Villages Realty firm.
So the answer to your question is yes, there are foreclosures in the Villages.