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Updated almost 7 years ago on . Most recent reply

Paul Vang's profile image
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Paul Vang
  • from Sacramento, CA
  • Member since Sep 5, 2015
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Paul Vang's profile image
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Paul Vang
  • from Sacramento, CA
  • Member since Sep 5, 2015
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Paul Vang
  • Sacramento, CA
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Foreclosures

Hard Money Lenders for forclosed auction property

Paul Vang
  • Sacramento, CA
Posted

Would Hard money lenders transfer money to your bank or only to a title company?  The reason I ask is because home court auctions require 100% payment in Money order or cashiers check.  Without the money in the bank, I can just get a money order / cashiers check ready in preparation to bid on auction day.  Any idea with this guys?   Your input is greatly appreciated.  

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John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford's profile image
John Thedford's profile image
John Thedford
  • #5 Wholesaling Contributor
  • Real Estate Broker
  • from Naples, FL
  • Member since Feb 7, 2013
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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John Thedford#5 Wholesaling Contributor
  • Real Estate Broker
  • Naples, FL
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Typically a HML that funds would do so at closing. Any HML willing to wire funds to you first is giving you an unsecured loan. If he has great rates send him my way:)

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