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Can you get hard-money loans for the properties that are sold by banks at the courthouse, or do you just have to use your own money and then can you get a regular loan to refinance it?

Here's how that works: you can find a source for auction money for the brief time it takes to go to the courthouse and try to win the property at auction--since you have to pay cash on the barrelhead at the sale. If someone outbids you--which usually happens--you just give the money back to the auction money guy and pay a bit for having brief use of it. The 40 Thieves who typically show up at the courthouse use their own money, I'm sure.

If you win the bid, you pay the auction money guy with a hard money loan or, if the property is in decent condition, an institutional loan--which takes longer to close.
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