Updated almost 7 years ago on . Most recent reply
Auction financing using conventional loan
Is it possible to use a conventional loan to finance a property won on an auction? I’m preparing for an auction where I don’t have the cash to purchase a property from an auction. It’s states that it is a cash only auction but I believe that really just removes the financing contingency. I’m researching hard money lenders but I was wondering what the limitations, if any, to using a conventional loan to purchase.