I want to buy a house thats being foreclosed by the bank.how do i go about getting started?i have no clue?

Do you know which bank? if so, you could try to call them and speak with someone in the foreclosure dept. They can explain their process to you from there. Thing is, banks/lenders may not give out any info on the home in foreclosure unless you are related to the property in some way (Realtor, tax assessor, homeowner). If they don't, the bank/lender will have put out a notice in your local paper as to date/time of auction. If it goes to this, you will need to have money in hand the day of the auction, assuming you have the wiining bid. The lender will have set a minimum bid, which is usually the amount of money owed to them for the house plus foreclosure fees. If you haven't started, you should contact a good Realtor who will do all the legwork for you. Otherwise, if the home is not redeemed by the homeowner before the date of the auction/sale, and the house doesn't sell at the auction, the lender/bank will most likely place the home to sell with a local Realtor. Hope this helps.

If the final judgment of foreclosure hasn't been entered yet, you can still buy it from the owner. But make sure you get the payoff not just from the foreclosing lender, but a payoff from the attorney who is handling the foreclosure for the lender. He/she might get a lien on the property if you don't.

A few quick tips for you:

Find an agent who has experience in buying foreclosed homes
Examine the property with an expert
Compare homes in the area for price
Check for liens on the home

Also, this site has some good information:
http://investmentpropertiesinfo.com/finding_foreclosures.html

You need to find out the name of the bank that is doing the foreclosure and call them.You may be able to buy it at a lower cost.

get a loan in order. Talk to a loan officer. Because with out the loan you have no house, unless you have cash in hand. Work out credit issues if you have any and happy home buying.

Hi,

The webguide on foreclosure http://monetaryguru.com has highly useful info. You can get all your doubts clarified from the site. Check it out. Good luck!

contact the bank that owns the mortgage and ask to talk to the dept handling foreclosure for that specific address

talk to the bank and make an offer and tell them you are interested in buying it and helping them recoop some of there potential losses cause if thay forclose thay git nothing

a loan officer will help you with this problem