Welcome to our frequently asked questions page.
How do I submit a loan application?
Simply fill out the application or call us. That’s all you need do. We look at every loan opportunity as individual and unique.
What types of clients utilize this product?
Any investor who has been locked out of the traditional lending market on foreclosed homes because of a lack of title upon which to borrow.
What property types do you lend on?
We lend on homes that are in foreclosure.
What is your max LTV?
How do you calculate LTV?
We do our own internal value appraisals and loan up to 60% of our estimated “as is” value on the asset.
What type of programs do you offer?
We have a unique program wherein we provide pre-title (gap) cash that you need at the time of purchase on 30 day cycles. These 30 day cycles are renewable for as long as you need the cash.
How do you determine rate?
Rate is determined by borrower credit rating, borrower rehab experience, and our own appraisal of the asset.
What areas do you lend in?
Currently we are only lending in the Atlanta metropolitan area.
Can we close the loan in a corporation?
Questions regarding AuctionLending.com
How is AuctionLending.com different from other competitors?
Our unique program is not available from any other bank or lending institution. We provide an indispensable tool for successful home investing. The ease of pre-title capital access partnered with access to our experienced team allows for unparalleled home investing opportunities. And as the final decision makers we have the flexibility to quickly get you the funds to invest in the property you wish to purchase, sometimes in the same day to existing clients with pre-qualification and after vetting the subject property. For established borrowers we can fund almost instantly; and we have five day or less funding for investors new to the market.
Do you fund your own loans?
We have ample capital and we underwrite all our own loans.
Do you service your own loans?
We service all our own loans. Our unique program puts us in a position to help and assist you every step of the way.