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Updated almost 3 years ago,
Hard money for tax foreclosure?
Hello Everyone,
I won the bid at the county tax foreclosure auction in WA state. The numbers are solid, the house is solid. There are a couple of old DSHS liens that will drop off when the deed is issued to me. No right of redemption unless a listed devisee or heir was a) incapacitated or b) a minor. Neither of those apply because the heir is deceased.
I have an attorney advising me through this process.
Now that there’s some context here is my question-will this scare hard money lenders? I can pay cash for the property if I put up every dollar to my name.
I sent the title report and I’m waiting to hear back from the lender now.
Just preparing a plan b…am I crazy thinking I can borrow on this?
Thank you for reading and sorry of this is a head slapping moment for the more experienced.