We could well have purchased this property at auction and initially thought we would flip this property. 

An auction or an estate sale might bring in buyers interested in its potential or historical value.Market it As-Is: Listing the property on the open market as-is might attract DIY enthusiasts or investors looking for a project.

GovernmentAuction.com is actually known as Government Auction Luxury.

I suspect that will be the rate in the auction coming up in May.

Better for the bank to Foreclose right off the neg am and cash out at auction then suffer through 30 yrs of 2-3% while they are paying 5-6% to borrow. 

My Sub toos generally were within 1 to 5 days of the auction so there was no time to do a formal escrow..

I purchase properties at foreclosure auction.

This is a great market for buying distressed/foreclosed multifamily at auction.

I specialize in vacant lots purchased at tax auction for several reasons @Morris Lucas.

But because an HOA made the mistake and the county operated a crooked auction the purchase will just get back what they bid, $6600.