South Carolina  |  Real Estate Law

I have seen a variety of different types of auctions. They have different terms and the obligations of people that bid or purchase off these auctions vary. In order to tell you what options you have, an attorney would need ot see the paperwork that sets forth the terms of the auction. One of the things that an attorney would look for, is if it addresses your situation. That is, an attorney would look to see what it says in the event that someone who wins is not able to get financing. So without knowing more about the particular auction that you were in, its impossible to tell you where you stand. I wish you the best.