The auction is finally coming on the 10th of this month, but I still don’t have funding. I can put down the 5% but in Palm Beach county, you need to come up with the rest of the 95% by the end of the day. Typically conventional lender won’t lend with out a sales contract, which of course, you don’t get until after you have paid the winning bid price.
I’ve gone through the newspapers looking for people who would lend short term loan for this, left phone messages with a bunch of them, actually one guy picked up (11:30pm!), and we’ll talk again tomorrow. It’s coming down to the wire; I hope I can find a money partner, or else no deal. 