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Updated almost 10 years ago,
$500K , Great Credit Need Private Lender for Auctions
Hi All,
I have great credit and my net worth is about 500K but much of it is tied up on a 401k or appreciated stock that I'd rather not sell due to taxation issues. Are there lenders out there that will give me the cash I need to close on a foreclosure auction? Hard money lenders seem to want a bit more time to do their due diligence. My county requires 5% upfront to bid and to close in 2 days if you win the auction.
How do I find the right people?
Thanks,
-John of West Palm Beach, FL