foreclosure sales
My problem is when I go to a foreclosure sale
in Savannah,GA to find the homes that are not sold at the auction and then listed with an agent but by the time I make contact with the agent the property already has a contract on it. I need to be able to purchase the homes at the foreclosure sale with a /private/hard money lender then refinance the property soon afterwards with conventional financing.Does anyone knows of a lender that offers such a service.
Chances are the property was bought cheaper after the sale. In most instances, the bank will bid the loan amount at the sale, which is usually too high for an investor, but after they will discount it to sale it quick. What I'd do is get on the list of the realtors who usually list these properties. Find that private/hard money so that you can close fast and pay cash, and soon those realtors will be calling you.
Roger