Need creative funding for an auction

[Rami W.]

I am looking to secure funding to participate in property auctions. The main issue is that if I don't win an auction for a property I try to buy or if it sells above my max offer, I don't need the loan! Is there any type of creative financing available for this kind of situation that is contingent on winning an auction (knowing that I need cashiers checks in hand to pay for the property in full).

I know a heloc would be great for this, but thats going to take over a month to have the credit available. Anything else out there?

Thanks!

[Chad U.]

Yeah but they still ask for personal guarantees up the wazoo, including having your sig other sign for it as well so you can kiss your homestead creditor protection goodbye if you it's available in your state.  

It still is a better program than HML though, and not entirely different than what a bank would ask you to guarantee.