Chapter 11 bankruptcy foreclosure

[Sush Girish]

Hello,

I am looking to buy a particular property through foreclosure live auction conducted by auction.com. I also tried contacting the owner of that property through several text messages and emails, but did not get any response from them which tells me they are not interested to sell. When i was doing due diligence through title search on this property found out that owner defaulted in 2007 and was in bankruptcy with chapter 11, case was closed in 2018, owner again defaulted in 2019 June and property has been put up for foreclosure. Looks like owner still owns ~30% of the house equity but has not cleared even single penny of the loan amount. This owner bought the house 20 years back, according to 30 years title search there is only one open mortgage and lien against this property. I am trying to figure out if this property is safe to bid on? I am also trying to think why is owner not motivated to sell the house, he can still make some money instead of letting it go through the auction? What would be the reason for owner to be not motivated in selling, this property is in california and also is in non-judicial foreclosure. So is there any risks in buying this property in foreclosure auctions after making sure there are no other liens except for open loan? Any thoughts here is really appreciated.