A certain amount of grace is never negative but you have described a scenario where it has long been exhausted.

If what you've described is correct, this is probably the case, and your auction bid will be voided, since the lender never acquired the property, and auction.com didn't cancel their "REO auction".

You can read articles written by real estate professionals, in which they describe how they achieved successes in this industry.

Contact me directly, am happy to describe how we run the constructions funding process. 

@Bob Freitag what you are describing is a common element to investment homes.  

@Britt Fuller what you described doing is probably the easiest and most cost effective way to accomplish your mission.  

What you describe is exactly what I am looking for!

@chris @Chris Dowty I would be thrilled to have someone like you have described; reliable and knowledgeable is worth a million dollars!

@Jennifer Cornforth there is absolutely no issue based on what you described.  

Hey, @James Allen, I do a great deal of business in the areas you describe.