Get preapproved for a mortgage or confirm available cash
Research foreclosure listings through banks, lenders, auction sites, and local government records
Hire a real estate agent experienced with foreclosures
Review the property’s condition, title, liens, taxes, and HOA dues
Visit the property if possible and estimate repair costs
Set a maximum bid or offer price based on market value and repairs
Arrange financing that fits foreclosure purchase timelines
Submit an offer for bank-owned properties or bid at auction
Pay required deposits or earnest money
Complete the purchase according to auction or lender rules
Conduct a title search and purchase title insurance if available
Close the transaction and transfer funds
Secure the property and begin repairs or occupancy planning