With the intention to bid at a property public sale, a bidder, that is not going to complete on the acquisition with money, needs finance arranged earlier than the public sale commences. At the time of bidding, a mortgage supply must be in place, on which the applicant can full the transaction. Which means the lender would have instructed a valuation, acquired again a satisfactory reply, and is certain that the legal aspect is good sufficient to safe its cost in opposition to the title.
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