Hard money loan on foreclosure to mortgage with a co-borrower

[Lalainya Rawlings]

Hello,

My partner and I are looking to buy a house at foreclosure. We'll use a hard money loan to acquire the property but then put a mortgage on it. We have the pre-approval ready to go but with my parents as co-borrowers. When we purchase the house at auction, do my parents need to be there and on the title then, or will they only be a part of the mortgage process?