The question is why go through the auction?

Hi,I saw a property on auction dot com that come up with "Title" doc. 

Someone is getting the mail to pay the property tax and that person should know what is going on and if they aren't paying the property could end up in an upcoming tax auction.

I have MLS access and I look at REO's and auctions regularly but I have to admit i am stuck.

Another alternative would be a short sale.The actual sale at auction IS "the foreclosure".

Just to be clear, you are asking if you should (a) walk away with $20,000 or (b) take a multi-year 100 point hit to your credit and potentially be sued personally for any outstanding debts that aren’t extinguished by the foreclosure auction (depending on the rules in your jurisdiction)?

Buy your furniture and appliances at estate auctions. 

Then 2 weeks after I won the auction I received a new email that said, "Another bid has been accepted.

I run the risk of NOT becoming the owner if I am outbid at auction, correct?

Don't know if this is a preforeclosure question or a wholesaling question but lets give it a shot.So lets say a house is in preforeclosure and the auction date is in 15 days.