If you want to make an offer on a house, any normal for sale house any mortgage lender can do this. Your realtor will be glad to help you find one.
If you want to bid on a sheriffs sale be very concerned. You have no protection. There could be major problems with the property you can not see. There could be more loans, leins, and encumbrances not shown. It could be in the 10's of thousands that are owed that you buy this way. The bank is selling their interest in the property, not the property itself. Like I could sell my interest in the brooklyn bridge. Worthless, but glad to do so.
PLUS in some states ( not sure which ones) just because you buy the property does NOT mean it is yours. The person who lost it to foreclosure could come back in 6 months, a year, or whatever the time frame is and pay you ( with like 8% interest) and reclaim their property. Anything you paid on it is now gone. Taxes, roof, siding, all are now the old owners. So basically it is a big risk with little upside for buying a place to live yourself. I suggest looking at completed foreclosres (REO's) that give you complete title.
If you are going to but at an auction where they guarantee the condition of the house AND the title you still have a small problem. Most auctions want like 10% down just to be able to bid. Or at least a few thousand$$$ cash. Then you have only 30 days ( usually) to pay the rest. If you do not you lose your 10%. A lot of lenders could take longer than 30 days to complete their paperwork. I do not see it as worth the risk.
RE: VA LOAN TO BID ON A HOME (Fort Stewart, GA)
A professional realtor can assist Buyers who have been approved for a VA Loan to locate properties to include but not limited to Bank-Owned / Foreclosed properties that meet VA Loan requirements. In today's marketplace, it is important to seek the assistance of licensed professionals when buying a home.
It is advisable for a Buyer to get a Pre-Qualification Letter / VA Loan Approval Letter "before" the Buyer begins to search for a home. The Buyer needs to contact a banking institution or lender so the Buyer will have knowledge about their price range, closing costs, taxes, insurance, as well as other potential expenses which may be involved in purchasing a home.
Most Sellers will not accept an offer without proof of funds or a letter of credit/approval from a banking institution or lender. The Seller wants to know they have a viable offer and the Buyer has the funds to purchase the property.
The Buyer may wish to talk with their lender about "VA Loan Home Requirements and Guidelines" to help save time and money. I have been much more successful in helping Buyer's with VA Loans when we look for homes that we believe will meet VA Loan Home Requirements.
VA Loans have very tight guidelines for homes so if a home requires alot of repairs such as heating, air conditioning, plumbing and electrical system problems or the home needs a new roof, it may be difficult for a Buyer to purchase the home with a VA Loan unless these items have been repaired.
Since the VA Loan requirements for a home are very strict, it makes it a bit more difficult for the Buyer to purchase a Bank-Owned / Foreclosed home with a VA Loan because a high percentage of these types of properties are in need of major repairs. The Buyer may also be required to purchase the home "As Is" with no repairs made to the property by the Seller.
A Real Estate Auction may require a Buyer to buy a home "AS IS" with no loan contingenies which makes it difficult if the Buyer wishes to utilize a VA Loan. The Auction company may require a Buyer to pay an additional percentage over the winning bid for the home therefore potentially increasing the price of a bid by approximately 3 -10 percent. It is also difficult for a Buyer if the Buyer is bidding on a Bank-Owned / Foreclosured home which the Seller is selling "AS IS" and the home is in need of major repairs.
A Buyer would need to talk with their lender before bidding for a home being sold on the court house steps for it may not be able to meet VA Loan Requirements and the Seller may require a cash, purchase "AS IS", with no loan or other contingencies.
It is important that a Buyer work closely with their lender and fully understand the maximum amount of home the Buyer may purchase and the requirements a home has to meet to be funded by a VA Loan.
I have been successful in assisting Buyers locate Bank-Owned / Foreclosed Properties. If you are not working with a realtor, please let me know if I may assist you.
Information Subject to Errors and Omissions. No Warranties or Guarantees.
Good luck! VA loans are a great financing option and there are plenty of great deals waiting for you!