Depending on the county you most likely will have to put 10% down immediately if you are the winning bidder.If you're bidding online then the rules may be completely different. Getting into the property for an appraisal might be a big sticking point. Lenders will not make a loan without a good appraisal. You usually must perform on the sale within 30 days from the auction end. That is sometimes difficult.
I can do transactional funding , if you have a take out loan in place .. call me at 602 330 1598 linda
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