Financing for Auction

2 Replies

Quick question, are their any lenders that will allow you to use up to a certain amount for real estate auctions?  I see a few interesting properties that are coming up in the next week or so.  Wasn't sure if there are any lenders that are offering almost a pre-approval that can be used for the purpose of competing for auctioned properties.

Thanks!

There are several in the Seattle area that do. You get pre-approved. 

And if you win at auction, you must pay them 20% by the end of the business day, the same day of the auction.
I don't know of any in PA, sorry.

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