Auction/mortgage question
I am a licensed realtor. I got my license to help find deals, and to make money to fund deals. Given that, I have had a client come to me interested in a house that is going to auction in a couple days through Auction.com.
He does not have the cash to buy it outright, but I have friends who do have such funds. He would then buy the house as-is from the investor as soon as he could close using financing. The question is, are there any loan vehicles that don't require 90 days to close after a house has been purchased?