A professional should check the foundation, HVAC, plumbing, and roof . If the bank does not allow an inspection before the auction, you must be prepared for potentially massive renovation costs.
You buy directly from the homeowner before the bank takes the property. This typically requires approval from the lender to accept less than the remaining mortgage balance. how to buy a foreclosed house
Properties are sold at a "trustee's sale" or courthouse auction. These often require cash payments upfront and may not allow for interior inspections before bidding. A professional should check the foundation, HVAC, plumbing,