Buying auction property with short sale????

[John Lee]

Doing some property shopping lead me to a house on auction at hudson & marshall. The property is occupied with short sale. But it is bidding on auction house. What is the situation here? 

"Short Sale properties with List Price AND Co-Op Commission Approved! Quick approvals with no seller underwriting package required! Co-op Commission Approved, List Price Approved by Short Sale Lender, A Buyer’s Premium of 5% or $2,500, whichever is greater, will be added to the Winning Bid, Financing may be Available, Property is sold as is, where is, An Earnest Money Deposit of 5% of the purchase price or $2,500, whichever is greater, is required along with Proof of Funds, Co-op commission subject to Short Sale Lender’s Arm’s Length Affidavit"