Updated almost 7 years ago on . Most recent reply
Foreclosure auction question
How can I use hard money for Foreclosure Auction?
Most Popular Reply
@Itteahad Zihan In short, you can't. You have to have collateral for the money to be secured against. They will not take second position on a home (must the the first and probably only lien). They will do a refinance after you buy a home from auction. Get the home then the next day or whenever you get official title, record the title and the lien for a hard money loan and payoff whoever lent you the money for the purchase.