Using private lender to buy foreclosures

[Michael Bertsch]

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.

[Jay Hinrichs]

these are cash and carry deals as noted above.. thats the exciting part of this.. those with true unsecured cash are the only one's who can play.. so it keeps the no money crowd and wholesalers at bay.. 

if your going to do this you need to find the rich uncle with the cash in the bank... you pay cash get your deed then take to a HML who will back fill your deal and you do it all again.