What is the Financing Contingency?
No auction bids are contingent upon financing. Buyer financing is solely the responsibility of the buyer, and at no cost to the Seller. It is recommended that buyers pre-qualify for loans, assuring that they can close in accordance with the terms in the purchase agreement. For some ReNu Investment Auctions, owner-financing may be available from ReNu – if so, it will be noted on the property bid page, however the auction is still NOT contingent upon such financing being available – all buyers still need to be prepared to arrange for payments in advance of bidding on any auction on this site.
