How to Buy Government Tax Foreclosed Homes

1). Locate a foreclosed home that you are interested in purchasing. There are sometimes listings in the newspaper, but you can also check online databases or contact a title search company.
2). Inspect the house. You want to make sure the home is in good condition and that there are no unknown problems with it before you try to purchase it.
3). Verify whose names are currently on the title. The company handling the listing can provide this information and it can help avoid any legal problems down the road.
4). Visit the county clerk office to find out the value assessment on the home. You want to find out if there are other existing debts in connection to the house because they could possibly transfer to a new owner as well.
5). Prepare your funds. If you put a bid on a foreclosed home, you need to be able to pay the amount immediately and any delay in getting the funds together could result in you losing out on the house.
6). Win the house auction. Most government foreclosed properties go to auction and you must place the highest bid in order to acquire ownership of the house.