Anyone here shop tax deed sales?

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Pros/cons? How hard is it to secure a loan before the auctions?

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Are you talking about a mortgage? Not going to happen. You have to get a personal loan or something like a HELOC ahead of time to pay cash. You can refinance fairly easily in 45-90 days but its all cash for the purchase so you have to have the money ahead of time.

Best you can hope for is a bank letter of credit. But a bank won't securitize a loan using this as collateral.

Should be able to borrow unsecured for no more than 1.5% over prime though, depending on your financial strength and banking relationship. 1.5 above prime is the most you should pay above prime. I've been offered, unsolicited, 1/8 over prime for an operating line, so money is cheap.

Which is really an interesting scenario. We're now better off buying property on signature loans and not mortgaging property. The issue is prime goes haywire. But on investment property, if you're borrowing 30 year amortization on a 7 year note it's actually more feasible than one would think. Maybe get them to lock at 2.5% for 7 years.

Zero chance you can use the tax deed as collateral. Im sure you could line up a small unsecured credit line.