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How do I get financing for a tax sale property?

  • May 11 2009 - Citrus Heights
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Answers (1)

Financing options will depend on your personal credit profile and cash on hand.  Generally most people arrange for financing before the tax sale with their bank, investor or mortgage lender. Depending upon the regulations in your county, a letter of qualification from your bank, stating that you are approved to purchase the property up to a certain dollar amount, is required before you can bid. Other counties require a bank representative to be present during the auction and to write the check.  

In general the best place to start is to contact a mortgage provider to assess your credit profile from there you can determine which financing options suit your needs.  If you need a referral, please let me know.
  • June 10 2009
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