All Forum Posts by: Chris Cooper

Thanks again, it would be ideal for us if it does!

If I can ask, how are you finding the other deals outside of the auctions? are you going online like hubzu, are you focusing on REO's and working deals out direct with banks or the agents they farm the listings to?

Chris

Thank you @Allen Maris , that is what I was thinking were the options, but better to ask and be sure than assume. May have to hit some family members up for short term loans if the deal comes through. Could be all set up ready to go and find the bank opens the bidding above MV, but better to try and be prepared.

Thanks again, hope all is well in Cali!

-Chris

Hi - new to the forums here.. 

Question came up for a home my wife and I want to purchase at auction. At our auctions, 10% of winning bid is required with balance within 48 hours. We have close to 60% of the final price, do you know of any place that can provide funding for the remaining balance on short term?

Ideally, we would get the loaned money after we win the auction. Then once we have the Deed we will refinance through a conventional lender and pay back the first note with interest, etc...

Wasn't sure what options for fast cash for someone buying to live in a foreclosed vs using it as a investment vehicle. 

Thank you for any suggestions. 

Chris