Buying foreclosure house at county auction using solo 401k funds

[Tony C.]

Hi, I'm thinking of using solo 401k funds to purchase a foreclosure property at a county courthouse auction. One of the rules is: 

"100% of funds due at time of sale in Cashier's checks made payable to the bidder as a natural person (Not as a Legal Entity)"

Will I be able to use solo 401k checks to purchase if I wanted to? 

I'm not sure about this since I assume I will be potentially giving them checks in the name of my solo 401k's trust. Is there a way around this?

[Brian Eastman]

@Tony C.

If you have a self-directed Solo 401(k), you can absolutely use the plan to purchase at auction.  You control the plan account and can have your bank issue a cashiers check or wire to the county trustee without issue.

So long as you can vest title in the name of the plan, you should be OK.  You can issue a cashiers check to Tony C in your role as the trustee of the plan.  So long as such check is used to execute a plan transaction, or returned to the bank, there is no problem with the fact that it is issued in your name as the county is requiring.