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Updated almost 11 years ago,

User Stats

171
Posts
49
Votes
Cameron Ellis
  • Investor
  • Memphis, TN
49
Votes |
171
Posts

Flipping Courthouse Foreclosures in 24 hours

Cameron Ellis
  • Investor
  • Memphis, TN
Posted

hi guys,

Lately I've been attending foreclosure auctions at the courthouse just checking things out, and networking. Well in speaking with one of the attorney's auctioneer she mentioned all the buyers have 24 hours to fund their winning bid by either cashier check or wire transfer. My question is, can I do a double escrow on those deals. I see this is happening in my market by a particular investor, and he seems to be the only one applying it in our market, so I'm not to sure if he's willing to share his secret just yet.

So the question is again, is their a way to double close on a courthouse foreclosure within 24hrs, if I have a end buyer willing to purchase it.

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