Updated over 7 years ago on . Most recent reply
Hard Money Lenders for forclosed auction property
Would Hard money lenders transfer money to your bank or only to a title company? The reason I ask is because home court auctions require 100% payment in Money order or cashiers check. Without the money in the bank, I can just get a money order / cashiers check ready in preparation to bid on auction day. Any idea with this guys? Your input is greatly appreciated.
Most Popular Reply
John Thedford
#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Typically a HML that funds would do so at closing. Any HML willing to wire funds to you first is giving you an unsecured loan. If he has great rates send him my way:)