Asked by Slowfoodisgood, Concord, CA • Wed Oct 31, 2012
A realtor told me she bought her home in Summerset (Brentwood) at auction and said not all auctions are on courthouse steps requiring cash but that it's possible to buy with down payment and mortgage. I didn't have time to find out more, so I'm asking here -- how is it done? I've looked at auction.com and it looks like "trustee sale/foreclosures" require all cash but it also says "financing available" -- and it says "bank owned" can have a mortgage. Any advice on what's involved and how to do this?
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