Profile picture for mamaybarra2

Are there any lenders that will finance for purchasing a pre-foreclosure auction home?

My state requires that you have all the money on the day of the auction.
  • February 13 2014 - US
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Answers (5)

If you are buying the property prior to the foreclosure sale, lenders may loan to you, assuming you and the property qualify. They want an appraisal and time to verify they can get title insurance and you can provide hazard insurance for their loan. They may want proof that the foreclosure sale will not happen if you purchase the property.
  • February 13 2014
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  • February 13 2014
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Yes. You won't like the terms, however.
  • February 13 2014
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Profile picture for wetdawgs
Pre-foreclosures usually aren't up for auction.   Here's a link to Zillow's info on buying a preforeclosure.

  • February 13 2014
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Profile picture for gator70
There are private money loans. But not for owner occupied. 
  • February 13 2014
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