You buy the owner's debt, not the house. You earn interest (often 8%–24%) as they pay you back. If they don't pay within a "redemption period" (usually 1–3 years), you may be able to foreclose and take ownership.
Properties are sold at auctions managed by the .
Public Auctions and Bidder Information - State Controller's Office
You bid on the property itself. The county has already foreclosed, and the winning bidder becomes the new owner immediately or after a short waiting period. 🔍 Step 2: Locate and Research Properties