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Updated over 9 years ago on . Most recent reply

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15
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Jules Dominguez
  • Los Angeles, CA
0
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15
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Raising Capital for a Probate Auction for a Great Property

Jules Dominguez
  • Los Angeles, CA
Posted

Hey guys,

I recently came across a property that is up for probate auction this Sunday. It's a great property in a great area. I have thoroughly researched the property and have decided to purchase it and have secured financing for the property and repairs. I have found out however that the auction company requires a cashier's check in the amount of $25,000 plus a personal check for the difference to equal 10% of the winning bid on the day of the auction. I have financing for the property in place but need money to put down that day. The valuation on the property is almost double the current assessed value. It's a great property in a great location so I really want to make sure I get it. Any ideas on how I could raise the funds on such short notice? Any help is appreciated.

Thanks

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