Insane deals, but….
For most of these forclosure or bank owned auctions, you will have to pay in full (no financing).
Assuming you don’t have enough liquid funds to be able to buy it on your own, you can raise the money from family, friends, investors to be able to buy the property.
Once you own it, you can get financing on it - assuming the property meet minimum standards and you qualify for home loan. (there are many different programs with a different criteria)
But this is definitely a way to get a property at a steep discount.
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I am Neel Dhingra, a real estate investor, stock market enthusiast, mortgage banker, digital marketer, and more. I love sharing what I have learned over the past 20 years and hope this helps as many people as possible.
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