Trying to buy first home on foreclosure.com (forclosure)

[Raj G.]

Hi Friends, Thanks all for replying and helping me out every time I posted any question.

Here is my new one :-)

I liked a home, just looking one picture on foreclosure.com, it's location also suits me, it says it will be auction live on auction.com in mid august. I was thinking trying  for bid.

I know it's not new comers job, but I have to start from somewhere, if foreclosure is worth of effort of time.

Just wondering what are steps or my homework before I proceed for this.

Thanks again.

[Rogelio Rosales]

Figure out what are the junior and senior lean on the property. Figure out what are the hierarchy. Know which leans go away and which don't. Make sure that it's the first mortgage that is being auctioned off and not the the second.