Register with the county beforehand and be prepared for fast-paced bidding.
Sheriff sales often require a deposit (e.g., 5-10%) on the day of the sale, with the balance due shortly after. 4. Conduct Due Diligence
Most Indiana counties, such as Marion County , conduct sales online through platforms like GovEase .
You may also buy from a homeowner who is in default but has not yet lost the home. In a short sale , the lender must approve the sale for less than the mortgage balance. 2. Search for Listings
The buying process varies significantly depending on the stage of foreclosure:
Check for government-foreclosed homes on HUD Homestore or Fannie Mae HomePath . 3. Secure Financing and Representation
This is critical to identify outstanding liens, unpaid taxes, or other claims that you might inherit.
