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Private Lending & Conventional Mortgage Advice

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Michael Bertsch
  • Bossier City, LA
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122
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Using private lender to buy foreclosures

Michael Bertsch
  • Bossier City, LA
Posted Nov 22 2017, 16:36
Can you use a private lender to purchase properties at the court house during auctions? If so, how do you go about it? In my area, the auctions are every Wednesday at 10am. If I win the house, I have until 2pm to pay with certified funds. Im guessing the private lender will have his bank wire money to title company and the attorney will write up a promissory note. The title company will then either wire or give me a check to take over to the court house. I just want to have this strait before I start pursuing foreclosures.

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