Foreclosure housing involves homes taken over by lenders when owners can't pay their mortgages. These properties are then sold, usually at lower prices, to recover the debt. Buyers might find good deals on such homes.

Apply for Foreclosure housing in 5 steps:
1. Identify foreclosure listings and gather details.
2. Obtain loan pre-approval or ensure funds are available.
3. Conduct a thorough inspection of the property.
4. Submit your bid to the lender or join an auction.
5. Complete all legal paperwork and close the deal.