Foreclosure and auction purchase loans
Foreclosure funding finances the purchase of property at auction, in foreclosure or held as REO, where the deadline is short and condition is unknown. KAL Kreations arranges this funding nationwide through its private lender network, from $25,000 to $100,000,000, for investment purposes only.
All loans are for real estate investment purposes only. We do not offer personal loans.
Who this is for
- Investors bidding at trustee and sheriff sales
- Buyers of bank-held REO on a short escrow
- Owners needing to refinance out of a default position on an investment property
What is needed to get a quote
- Property address
- Purchase price, current value, or both
- Loan amount requested and how it will be used
- Timeline, including any contract or auction date
- Auction or sale date and deposit requirements
The process
- Submit the scenario with the property and the exit.
- KAL Kreations matches it to lenders active in that market and asset type.
- The funding lender sets terms and issues its approval.
- Documents are drawn, conditions cleared, and the loan funds.
Foreclosure loans: questions
Can funding be arranged before an auction date?
Send the scenario as early as possible with the sale date. The tighter the deadline, the more the completeness of the file matters.
Is an interior inspection required?
Many foreclosure purchases are made without interior access. Lenders account for that in valuation and leverage.
Can I refinance a property already in default?
Investment property in default is a file our lender network will look at. Send the payoff demand, the value and your exit plan.
Request foreclosure loans
Prefer to talk? Call 415-892-0470 (landline).
All loans are for real estate investment purposes only. We do not offer personal loans.