How to Buy IRS Foreclosures

1). Contact the IRS about auctions. The Internal Revenue Service keeps a listing of their auctions online or you can call them and ask for a list. The auctions are done in many states across the nation several times a year.
2). Secure funding for the property. The IRS wants the money owed to them for taxes, so you will need at least that much upfront. For large items, such as houses, you will require a deposit that is due at the time of the auction and also proof that you have funding secured for the remainder of the cost.
3). Go to the auction site. Since the auctions are held throughout the nation, if you want to bid on the items, you must either go the site or have someone at the site to represent you. The only difference is if the auction is sealed bid; then you can simply send in your bid.
4). Purchase the item at the auction. The IRS has a number of different items for sale from cars and air planes to real estate. When you bid on the item, most must be paid for on-site at the time of purchase.