Foreclosures / REO clubs or memberships that require a monthly fee. Is it legit or what. Input needed?

lafayette asked:


I have been researching on-line clubs / companies that supposedly help you to find ligitimate foreclosures but you have to join the club for a monthly fee. These are the ones that popped up: Realtytrac.com , Foreclosure.com and Foreclosures.com
Anyone out there who is actually a member of one of these clubs? Please give me input and tell me how do you like it. Is it legit? Does it work & how does it work? Do you really get a list of available homes that are in the pre-foreclosure phase.