Funds for sheriff sale

Hey Everyone,

I’ve been looking into foreclosures(sheriff sale) for a while now and am having trouble coming up with the funds to purchase properties. What are some ways besides private financing, that investors can use to acquire forclosures? Would I be wasting time if I shopped around lenders and mortgage brokers.

Thanks,
Pete

Find out what the deposit you need and how much time to close after the sale. In my area, the successful bidder needs about 10% of winning bid in certified funds on the day of sale, and the balance in 30 days. In this example, using a traditional lender to close in 30 days is very feasible. Just depends on your area/your state.