- 1). Visit your county courthouse and obtain a list of tax foreclosures. Visit the homes to make sure you are interested in the properties. Return to the courthouse and purchase a copy of the deed for the tax foreclosed property you want to buy.
- 2). Determine the location of the auction. Generally, tax foreclosures are sold on the courthouse steps. Call the courthouse to make sure of the time, date and location of the sale for the home you are interested in buying.
- 3). Obtain financing for the tax foreclosure home you intend to purchase by visiting a mortgage broker or bank in your area. Request information on programs that allow you to purchase tax foreclosures, such as interest-only loans.
- 4). Supply the lender with information about the home, such as address and a copy of the deed. Complete an application with the lender and provide him with the required loan documents, such as pay stubs, bank statements, employment verification and current assets.
- 5). Receive the funding approval from the lender. Determine the amount you are willing to pay for the house based on your lender's recommendation.
- 6). Attend the auction on the date and time provided and bid on the property. Generally, a tax foreclosed home is sold for at least the amount of taxes owed with legal fees and additional costs added. Provide the auction official with a copy of your proof of funds.
- 7). Go to the attorney's office where the deed is transferred to your name. The auction official will provide you with the name of the attorney and his contact information.
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