Funds for sheriff sale

Foreclosures, Short Sales, Tax Foreclosures
1

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

2

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.