Using private lender to buy foreclosures
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.