Auction House Destroyed in a Fire on the evening of Auction day

[Phuong Uyen N.]

Hello,

I am a new Fix and Flip investor currently investing in the Knoxville, Tennessee area. I've ran into an issue with an auction deal that I have just purchased and I need your help!

I was the winning bidder of a property that was auctioned at the courthouse steps. I Went to look at the property and found out that it was completely destroyed in a fire on the evening of the auction day. I have contacted the auction company to see if I can place a stop payment on the cashiers. They said it has been processed and that they can't do anything about it.  Does anyone have any idea what I should do?

Thanks for your Help!