In Florida, You can get loans once these properties are sold at auction and you have your title. There's no lenders that can give you the money you need before the auction since they can't put a lien on it, and there's no closing. Once you have title there are many lenders that will lend you up to 100% of the value of the property value after repair. So that means if the propety is worth $400,000 fixed up, and it needs $100,000 worth of work, you can get a loan for up to the full $400,000.