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Updated about 7 years ago, 11/22/2017

User Stats

122
Posts
50
Votes
Michael Bertsch
  • Bossier City, LA
50
Votes |
122
Posts

Using private lender to buy foreclosures

Michael Bertsch
  • Bossier City, LA
Posted
Can you use a private lender to purchase properties at the court house during auctions? If so, how do you go about it? In my area, the auctions are every Wednesday at 10am. If I win the house, I have until 2pm to pay with certified funds. Im guessing the private lender will have his bank wire money to title company and the attorney will write up a promissory note. The title company will then either wire or give me a check to take over to the court house. I just want to have this strait before I start pursuing foreclosures.

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