US EditionCan You Get a Mortgage on an Auction Property?
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Can You Get a Mortgage on an Auction Property?
While auctions can provide a way to purchase foreclosures at lower prices, the foreclosure process typically involves selling properties as-is without any home inspections or appraisals. However, many lenders require buyers to have an inspection and appraisal to take out a mortgage. Buying a home at an auction involves less competition with other buyers than traditional home purchases, but financing real estate from an auction differs from buyin…
·Seward, United States
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