Bank Foreclosures and Contract Transfers

[Joseph Sanchez]

Hello Everyone. I have been reading alot lately about this subject and I am abit confused maybe someone can give me some advice. If i am the successful high bidder on a bank foreclosure auction, and I provide the initial down payment required, will I also have to show proof of funds for the remaining balance in order to get a contract? The reason I ask that question is because many of the articles I have read state that the sale is not contingent upon the buyers ability to secure financing? Lastly, if I am required to show proof of funds can that proof come from another source other than myself? Thanks

Joe