Funding sheriff sale properties
Hi,
Does anyone know of a way to finance sheriff sale properties prior to acquiring deed. Currently in NJ 20% of the purchase price must be paid on the spot at auction and then the remaining balance paid within 30 days. Once payment is made in full the deed is received. Are there any private financing options out there to fund the properties and the rehab with buyer putting the 20% at sale and the lender funding the remainder before deed has been received. I understand property must be vacant and an appraisal must be done, but wanted to see what options there could be?