Most Real Estate Auctions that I am aware of are "As-Is" purchases with NO CONT. which means there is NO CONT. to financing, appraisal, home inspections, etc. This is an ALL CASH PURCHASE. If you elect to obtain some sort of financing the risk is all yours but remember you MUST settle in the time period specified in the terms of sale or risk losing your Non Refundable Cash Deposit that was required from you on the day of sale. Read the contract of sale for the full terms of sale before bidding at auction.