How can I buy a foreclosure property? May 10, 2023 17:41 Updated There are certain states in which you can bid on foreclosure auctions online, but most are held live at in-person locations. Related articles When and where do foreclosure auction events occur? What Is an Auction and How Does It Work? What Do I Need to Consider Before Bidding on a Property? What is the First Look Period and How Does it Work? How long will each foreclosure auction event last?