Hello Mary, you did not include a link or address to know which property you are inquiring about. Most all auctions are ALL CASH by cashier check. You should also consider other properties for sale if you don't have ALL CASH.
You will need to be pre-approved to be able to meet an agent/broker to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores and how much you want to invest into the down payment and closing costs.
You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI).
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and them maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria. Most listings these days are standard sale but there are some REO foreclosures to from 200k and up.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some blogs to study such as Which loan is right for me, Down payment and closing costs hurdles, Stated Income loans are back and Pre-approval in minutes.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 7pm Monday thru Saturday, Sundays by appt.
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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