Hard money lender with Auction.com process?

[Angelica Cristi]

Apologize in advance if this has been outlined before, but I read on different posts you can use hard money loans through Auction.com. How does that process work with Auction.com using a hard money lender? On Auction.com properties, it reads that it requires 100% funds due at a time of sale in cashier’s check, but time of sale is a little unclear for me. What does the transaction process look like on Auction.com if you win the bid? Do you need to provide proof of funds at the bid or are the actual funds due at the time you win bid? And if a property is owner occupied, how can you secure a loan with a hard money lender not being able to view the home to estimate repairs? All a little new to me! 

[Matt Stewart]

The key to this is finding a HML that doesn't require access to the property for an appraisal. You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs.

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan. Or just use private money.