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Not in the cards...

Posted by Ward-CA- on April 08, 2003 at 8:06 AM

In Reply to: Looking for a lender to make foreclosure loans posted by RAE on April 08, 2003 at 6:21 AM

: Looking for a lender to make foreclosure loans
: solid71@yahoo.com

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Rae,

I don't think there are any lenders willing to make an unsecured loan of thousands of dollars to allow you go to a foreclosure auction and bid on a property. Lenders almost always want the security for their loan at the time they make the loan, not a few days later when you receive and record your trustee’s deed.



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