Get preapproved for financing or prepare cash
Research foreclosure listings in your target area
Check the property title for liens, taxes, and legal issues
Inspect the property if access is allowed
Review local foreclosure laws and auction rules
Set a maximum bid based on repair costs and market value
Attend the auction or submit an offer through the lender or bank
Pay the required deposit or earnest money
Complete the purchase according to the sale terms
Close the transaction and obtain title insurance
Budget for repairs, unpaid taxes, and eviction costs if needed