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Updated over 10 years ago,

Derrick R.'s profile image
Derrick R.'s profile image
Derrick R.
  • Investor
  • from Albuquerque, NM
  • Member since Jul 18, 2013
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User Stats

43
Posts
4
Votes
Derrick R.'s profile image
Derrick R.'s profile image
Derrick R.
  • Investor
  • from Albuquerque, NM
  • Member since Jul 18, 2013
Connect
Derrick R.
  • Investor
  • Albuquerque, NM
4
Votes |
43
Posts
Foreclosures

Auction.com Cash Only

Derrick R.
  • Investor
  • Albuquerque, NM
Posted

I am looking at placing an offer on an auction.com listed REO. My strategy for financing is to use on-demand funds from a loan management account that is backed by my investment portfolio.

While my financing is technically a loan, being that I have the money in an account and am able to cut a check immediately, would I still be able to purchase a "cash-only" foreclosure?

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