Auction Loans

No Appraisal Required
No Credit Minimum
No DTI Requirement
No Prepayment Penalty
Interest Only Payments

Veristone Auction Loans

Buying a property at auction can be extremely profitable, but buying the wrong property can be disastrous. Most lenders avoid lending at the foreclosure auction because they lack the expertise to mitigate the inherent risk, but Veristone has built a system and process which allows borrowers to utilize financing at the auction.
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SFR (1-4 Units)
Townhomes/Condos
Manufactured Homes
Multi-Family
Commercial
Land (unimproved & improved)
The foreclosure auction requires a cashier check for the full purchase amount prior to bidding which is difficult for a lot of potential buyers. Utilizing Veristone at the courthouse steps allows a borrower to bring 25% of the purchase price and leverage the remainder with an Auction loan. If you have the appetite for the exciting world of foreclosure auction, Veristone has the perfect loan program available.
Why Choose Veristone's Auction Loans Loans:
Same Day Loans Available
Full Loan terms up to 12 months
Trustee & Sherriff Foreclosures Sales
Up to 75% LTV

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