Buying an auction house in cash before having funding planned?

[Alyssa Hammond]

For the record, this is NOT my plan. I'm curious if anyone has ever bought a house at auction (in cash) just because its such a good deal? And then figured out the hard money lending for renovations after? 

I'm new to this so please forgive me if this is a newbie question 

[Matt Shields]

I have my hard money lender(s) lined up before the auction. After a successful bid, I call him with the details and he emails me the loan docs. The next day I have the docs notarized and arrange title/property insurance, then we meet and exchange loan docs/insurance/checks and pay for the auction. In Arizona, we have to pay for an auction (trustee) the next business day. A hard money lender who works with auctions should be able to get you funded very quickly if you have set things up with them beforehand.