auction.com QC vs Special/Limited Warranty deeds

[Nick L.]

I want to bid on a couple of properties on auction.com but without the expense of running title before bidding as I feel they may not meet the reserve. The preliminary title report provided by auction.com looks ok but obviously that's no substitute for running my own.

We all know QC deeds are toilet paper. In the fine print, I noticed the two major clauses in the link. If I'm reading them right, I can win the auction, order my own title insurance, and THEN either cancel the purchase in case of undisclosed defects or get a special/limited warranty deed from the seller. Sounds good, right? Am I missing anything?

Here are the clauses.