$500K , Great Credit Need Private Lender for Auctions

[John Husband]

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

[Charlie DiLisio]

True Dmitriy, that is my situation. I have my L.L.C. for real estate for my business and no employees. Thank you for clearing that up. My plan I can access 50% of my funds without penalty as long as I pay it back within 5 years. Much lower than HML charge.