Financing for Auctions with Private Money

[Michael Washington]

I ran across an auction property (duplex) in Baltimore that is going for $40k. We were able to walk it with our agent prior to auction and the place needs very little work (has new carpet and new paint - appliances needed). Our agent called the auction listing agent and he confirmed that we can put in a pre-offer and if it is high enough they would take it off the market.  Finished property values are at $80k in the area and rent for $800-$1000. We have private to put a down payment on the property for 20% but our mortgage brokers stated that the money needs to be seasoned for 60 days. How do I get around this? What type of banks/ institutions will give me a loan and not require the money to be seasoned for 60 days?