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Updated over 8 years ago,
Financing a County auction foreclosurer
Hello -
I'm a new venture into the real estate space, so please bear with me through my initial learning and ignorance.
Are there financing options for buying a foreclosured home in auction? In my County, there are foreclosure sales monthly. At the time of the winning bid, you are required to put 5% down - no problem there. To pay the remaining balence, I'd like to use the banks money - what financing options would be available for such a transaction?
My ownership would be short term, with plans on flipping.
Thank you in advance for your thoughts and help.