What type of payment is required to purchase a foreclosure property, and when is it due? May 10, 2023 17:43 Updated Full payment for a property is due in the form of certified funds as soon as the winning bidder is announced. Related articles Can a foreclosure property be financed? How can I buy a foreclosure property? When and where do foreclosure auction events occur? Do I need to register to bid in a foreclosure auction? What is the First Look Period and How Does it Work?