These are PMI insurance claims not bank owned properties. Auction.com is in the same town as Fannie Mae. Banks have already signed off dont accept the lies on prices,they are trying to get full value. If you want your head to spin I have other reviews explaining the crap that is going on here. Do not buy anything on here without a disclosure or condition report. This acknowledges that they are aware of problems. Bid your full price well before the auction ends they will always drive the price which benefits you. Expect a phone call they will most likely reject your offer the first time b.s. move rejected mine and I bought it two months later for $1000 less saving me also $400 in taxes. Get your own closing agent will save the B.S. on the money end. The market for cash only buyers is very thin more than likely there is no one else bidding. Watch your market you no if nothing is moving why the hell would you buy. Personally I would be only be looking for a home that you intend on living in. Better days to flip will come. Many homes sold in the last few months by me where deeply discounted from asking price. Do check out my Zillow and Zillow Group reviews also. Be careful its your money too many people watch a tv show and think they can make $$ flipping ten years ago definitely, today definitely not. Watch TOL stock FNMA stock Z stock all getting crushed on rates and rising materials.