Is it possible to open up an escrow account & deposit the needed funds to pay off a pre-foreclosure debt?

@Angela S.Do you have a deposit?

You also might run into seasoning  issues with the money being deposited from the HELOC advance.  

In this case, 80% of $150k is $120k less the mortgage you owe on the home ( $150k-$50k=$100k) so $120k-$100k=$20k that you could use towards a deposit on an investment property.

Is she hiding a security deposit that should be transferred to you? 

You initially deposit a non refundable 5% prior to auction, and than pay the 95% within 24 hours. 

I took my cashier check from the closing down to the bank and deposited it.

If you don't have a deposit, not good.

Our income requirement had been 3x rent (or 2.5x rent + an additional security deposit.)

Then I'm looking for a bank to cash me out 70% immediately so I can to do it again The Delayed Financing exception to the six month seasoning requirement, allowing you to do it instantly, is fairly well known, this shouldn't be hard at all.Make sure your preapproval for the Delayed Financing is solid, and make sure you can source and papertrail alllllll the money in the form of large deposits into any of your accounts with funds that were used to purchase.