How to Buy a House at an Auction Without Having Cash
The crowds, the fast-talking auctioneers, the large amounts of money being bid: Auctions are exciting no matter what’s for sale, and when it’s a house up for auction, then it’s no wonder that foreclosure auctions can capture the imagination of many a home shopper. Those shoppers can, after all, potentially save a significant amount of money by buying a foreclosed home at an auction. But the reality of buying a house at auction typically means you’ll need lots of money in the bank (like, enough to purchase the thing outright), and that can be enough to bring your foreclosure auction dreams crashing back down to earth.
The truth is that buying a home at auction is different from buying one the conventional way. And one of the biggest differences is that auction sales are almost always for cash.
However, there are ways you can acquire a home at auction, even if you don’t have the entire amount in your savings account. Here are seven ways to buy a home at auction without cash.
