Check your budget and get preapproved for a mortgage or prepare cash
Learn the local foreclosure process and rules
Search foreclosure listings from banks, lenders, auction sites, and county records
Review the property status, title, liens, taxes, and occupancy
Drive by the property and inspect it if possible
Estimate repair costs and total purchase costs
Work with a real estate agent, attorney, or title company if needed
Decide whether to buy at auction, from the lender, or after foreclosure
Register and follow auction requirements if bidding at auction
Set a maximum bid and do not exceed it
Pay the required deposit or earnest money
Complete the purchase paperwork and closing process
Obtain title insurance and confirm clear ownership
Arrange repairs, insurance, and utilities after purchase
Verify eviction or occupancy procedures if the home is occupied