The Process of Funding Foreclosures Auctions?

[Juan Reyes Jr]

Hello Everyone,

I'm thinking about purchasing a foreclosure in Oregon at an auction. This would be my first fix and flip. I don't have all the funds in my bank account so I'm thinking of using a Hard Money lender.

My questions are:

What would be the process of getting a loan on an auction house?

If you do get the funding from the hard money lender, what happens if you're not the winning bidder on the property?

Thanks in advance,

Juan Reyes Jr.