Courthouse steps auctions require cash (actually cashier checks). However, if you'd like to learn more about how you can (if you qualify) have as little as 25% cash down, with the rest is supplied through a loan, let me know.
You have many options. Cash or financing. Another option to look at is time. When do you want to buy a property? Most foreclosure s take longer compared to regular sales.
Once you buy the properties, do you want to live in them? Fix and sell them? Rent them?
Each option has it cons and pros. Have you done any of the last two? I've done them all. So, I can guide you in what to expect along the way.
I'm here to help! Call me at (310) 463-8088.
You will have to identify which property you want to buy.
You cannot enter property to preview before sale
You will have to do a title search on the property to make sure it is clear. You will get no Title insurance.
You have to find out the foreclosure date.
You have to find out the foreclosure location
You have to find out the starting bid on the property
You have to find out how much the property is worth so when you bid you don't end up bidding too much
You have to be present at the time of the auction with the cash (or someone with your written authority to sign the sales receipt should you win the auction)
If you are successful in winning the bid, there are no refunds.