Colli Real Estate

Foreclosure Auctions winner must pay cash within a few days?

you can buy with finance? lenders leave whole salary and pay the lender? as a normal purchase? If I'm right, rich people can only then offered for sale at auction, right? I'm in California

Generally, yes, you have to pay a couple of days. Conventional (soft money) to finance takes 4-6 weeks and have money in the hand makes a quick great that it wants to auction. but there are exceptions to the rules. There are a lot of people there who have that kind of money just out there, if the "rich" so usually have a line of credit or loan money to play hard.

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