- 1). Contact the county where you want to purchase the foreclosure property. This is where you can usually find a list of properties at risk for reposession. In many states, the county will post this list either at the county courthouse or online.
- 2). Search the county's list to find the bank which owns the deed of trust for each pending foreclosure. Most states provide public notice of this information.
- 3). Contact the relevant bank or banks directly to inquire about the purchase process. Bank-owned homes are often aggregated on a bank website.
- 4). Purchase the home using the purchase process required by the bank. The specific steps may differ based the requirements of the bank, but generally will include mortgage preapproval, contract submission and negotiation, inspection, mortgage underwriting, and closing.
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