•Property is being sold in an "as is" condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. •Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a "pre-qualification" letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction. •Utilities Disclosure. The utilities to this property are not currently "turned on" and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing. •Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. •Occupied Property and Utility Usage Disclosure. Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer further shall be responsible for payment of utilities consumed and used by tenants. Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. Buyer is advised to conduct a thorough investigation of the property's utility usage and any associated costs and expenses associated with usage. •Redemption Notice. Buyer acknowledges and understands that the Property is subject to a right of redemption which ends 05/08/2025 . Closing cannot occur prior to expiration of right of redemption period. Buyer acknowledges that buyer has no rights, claims, or recourse against seller for any loss or damage resulting from redeeming party's exercise of redemption rights. •Certificate of Occupancy May Be Required. The Property is subject to a City of Detroit's Certificate of Occupancy inspection. Buyer acknowledges that as of November 17, 2014 the inspection will no longer be required due to the Detroit City Council recent repeal. While the repeal is pending the requirement to obtain the inspection has been suspended. Buyer acknowledges that should this requirement be reenacted that said inspection will be ordered and Buyer would need to retrieve a copy of the Pre-sale Notice of Deficiencies Report for the Property from the City of Detroit at Buyer's expense. Buyer is purchasing the Property as-is, where-is, and agrees to sign and return the Affidavit of Compliance Responsibility (ACR) prior closing if it is required. Buyer agrees to complete all necessary repairs, and accepts responsibility for all compliance measures required by any required inspection prior to occupancy. Should proceedings for demolition be filed, Buyer agrees to provide the city with copies of the ACR/City inspection, the Contract for Sale signed by the Seller, the Lis Pendens in relation to the violations, photographs, fees, and any other documents required. Buyer agrees to assume all liability for all required compliance measures, and shall hold Seller harmless for any and all effects thereof. Further information regardi