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Angelica Cristi
  • Realtor
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Hard money lender with Auction.com process?

Angelica Cristi
  • Realtor
Posted Nov 13 2022, 18:35

Apologize in advance if this has been outlined before, but I read on different posts you can use hard money loans through Auction.com. How does that process work with Auction.com using a hard money lender? On Auction.com properties, it reads that it requires 100% funds due at a time of sale in cashier’s check, but time of sale is a little unclear for me. What does the transaction process look like on Auction.com if you win the bid? Do you need to provide proof of funds at the bid or are the actual funds due at the time you win bid? And if a property is owner occupied, how can you secure a loan with a hard money lender not being able to view the home to estimate repairs? All a little new to me! 

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