Since I have some time from the initial deposit to when the Bank finalizes, is it possible to get financing from the bank for the remainder amount e.g in the above case for 40K, or no Bank would finance it since its an auction property.Last...I was told to do my homework before bidding e.g look at any outstanding liens..etc. if there are any outstanding liens on the property, wouldn't the Bank clear them, because the bank cannot sell the property until the title is clean?

What extremely large outstanding debt do you have?..

I've been impressed with the simplicity and the outstanding tech support.  

The city is paying off a debt obligation on the Water Street project, that now has to be approaching $20M in outstanding bond debt.If you're thinking Ypsilanti I'd go student rental.

We have it under contract now and have instructed our attorney to pay special attention to pending litigations, violations, outstanding bills etc.

This is an outstanding resource, regardless of how you access it. 

You hold the deed, and no outstanding note to foreclose on.  

(Sorry for the simpleton question) yes. your payment would be 1.5% of the outstanding balance.

Imagine the rent increase possible with a little value add.Add this great cash flow to historically outstanding market appreciation and you will have an ROI that historically can be matched by very few locales. 

I encourage San Diego investors that could afford to invest here to invest here due to the outstanding historical ROI.