Auction Loan

Auction Loan Program

Veristone’s auction loan program is available to investment buyers looking to purchase property at the Washington and Oregon foreclosure auctions. 

Loan Guidelines:

  • As low as 15% Cash Contribution
  • Pre-Qualified
  • No Minimum FICO Required
  • Individual(s) and Business Entities are Eligible to Apply

Loan Terms:

  • As low as 10% Interest Rates
  • Interest Only Payments
  • 6-8 Month Loan Terms

 

Please contact a Veristone Representative for additional Guidelines and Terms.

Veristone also offers upfront capital to purchase at foreclosure auction for buyers who intend to pay cash immediately after the purchase.  Our same day loan fee requires you to repay the full principal balance of the winning bid amount by the end of the same day.  The same day fee charge is ½% of the winning bid amount or $1,000, whichever is greater.  If the full pay off is received within 3 business days the fee is 1% of the winning bid amount or $1,000, whichever is greater.   If you are interested in a specific property, please submit an Auction Loan Request and a Veristone Representative will follow up with you.