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Updated about 6 years ago on . Most recent reply

User Stats

164
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103
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Sebastian E.
  • Flipper/Rehabber
  • Berkeley Springs, WV
103
Votes |
164
Posts

Financing an auction.com property

Sebastian E.
  • Flipper/Rehabber
  • Berkeley Springs, WV
Posted

I am looking at a property on auction.com and the listing says: Conventional Financing Not Available.

Does anyone know if this contingency is based on the time that is required to close or whether it is just a protective clause in case there is a cloud on title and financing would not come through.

I have a hard money loan lined up for it and would plan to back into a mortgage as the property barely needs any work. 

Curious if anyone has been able to win and auction.com and line up conventional or FHA financing in the timeframe that auction.com requires to close.

Any information would be appreciated.

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