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Updated about 7 years ago,

User Stats

144
Posts
54
Votes
Elvis Vasquez
  • Accountant
  • Miami, FL
54
Votes |
144
Posts

Purchasing a Foreclosure or Tax Deed auction with a Mortgage/Loan

Elvis Vasquez
  • Accountant
  • Miami, FL
Posted

I read online that there are a few lenders that actually finance Foreclosure purchases?

I wanted to know how exactly does this work and is it possible to take over the mortgage directly with the LLC that owns the property?

Also are there any companies that "lend" for Tax deed auctions (In this situation I would assume the LLC would purchase the tax deed and you make your monthly payments directly to the LLC and once the amount is fully paid off they transfer the title into your name?).