What do i need to buy a foreclosed home?

Question

if a home is foreclosed home and the price is 100000 what else do i have to pay to own it outright?

Answer 1

You make an offer and go thru the escrow process like any other purchase.  

Answer 2

If you are paying cash, you can offer $50,000 or $101,000.  Once your offer is accepted, you deposit your money.  You will get a credit for 8 months property tax since it is August.  You will pay $10 to record your new deed.  They hand you the keys. You own it. /