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Buying Foreclosures for multiple customers?

I was recently asked if we go to the foreclsoure auction for clients and bid on properties. The answer is yes we do. If we have clients that are interested in the same properties we keep bids secret and do not disclose bids to other clients or sources.
Published Wednesday, October 29, 2008 10:52 AM by SHOP PROP
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Dogg said:

Can you guys provide financing?

October 29, 2008 11:31 AM
 

SHOP PROP said:

When buying a piece of property at an auction you have to bring cashiers checks. If you do not have the cash you have to get hard money. This is where a private lender provide you financing until you purchase the property and get it refinanced. You typically will pay 5 points and 12 percent interest so you want to refinance it as quickly as possible.

We can help you with this.

October 29, 2008 11:37 AM

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