Get preapproved for financing or prepare cash
Research foreclosure listings through banks, MLS, auction sites, and county records
Work with a real estate agent experienced in foreclosures
Check title status, liens, taxes, and HOA dues
Inspect the property if access is allowed
Estimate repair costs and total purchase budget
Review local foreclosure laws and auction rules
Attend the auction or submit an offer through the bank or lender
Set a maximum bid and stick to it
Pay required deposits and complete payment within the deadline
Complete closing documents and transfer ownership
Secure insurance and arrange repairs after purchase