Commercial foreclosure financing?
I have heard conflicting information regarding commercial foreclosures and lender financing pertaining to free and clear, non-mortgage (lien) foreclosures. Some individuals I have spoken to say that you’ll need to produce a cashier’s check within a short time frame. Others, and online resources, say lender financing is allowed. Which is it? 
[{"id": "e6s2c58", "text": "If you are buying REO you typically need to put down 10% hard with cashiers check within 3 business days and close in 30 days as-is-where-is. Assuming you are talking about buying off ten-x or real insight? ", "replies": [{"id": "e6s2ytq", "text": "30 days is a pretty tight timeline for commercial. Have you ever seen them go past 30?", "replies": [{"id": "e6s4yzp", "text": "Yeah I\u2019ve seen several go longer. You just have to have show a very real plan and make serious progress toward closing. They don\u2019t like dealing with people that screw around. ", "replies": [{"id": "e6s55j2", "text": "That\u2019s good to hear. Just to be clear, in your experience, there aren\u2019t many circumstances under which auction houses disallow financing? ", "replies": [{"id": "e6su7pk", "text": "No. It would be unwise to disallow the buyer to have financing lined up. This for already-foreclosed REO property. \n\nIf we\u2019re talking non-REO (notes being foreclosed on), bidding at the courthouse is a bit different. Every jurisdiction has different rules on how financing is allowed to come in to play. Typically, you need the cash or a substantial deposit immediately. ", "replies": [{"id": "e6te2bd", "text": "Not certain if a lien foreclosure is considered non-REO. Could someone elaborate? In the case it is non, where could that financing information be uncovered? contacting the city\u2019s hall? ", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "e6tnin0", "text": "No - services want to close. Contracts are non negotiable too. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e6saeru", "text": "In my area you need to produce a check within the business day", "replies": [{"id": "e6tdy5r", "text": "For the entire amount? Where are you located? ", "replies": [{"id": "e6toxsf", "text": "Central Texas ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e7d8517", "text": "Will a bank finance a property in their own REO department?", "replies": [], "depth": 1}]