I may even want to bid this one.

You have to deposit cash up front in your bidding account to be able to bid.  

I wouldn't say housing market in Austin has crashed ... we just bid on a prop this weekend in central Austin and it went to multiple offers, my friend just bought in N Austin and there were 12 offers on that prop.

Then you could finish the foreclosure and many times the lender gets the property back because they are willing to bid the most or at least bluff that they are and scare off other bidders depending on how the process works where you are.

I would put every MDC Clerk of Court sales record (date, case number, address/PID, opening bid, winning bid, AV, etc.) into a spreadsheet, along with the names of the 3rd party bidders.

I know you need cash to bid.

The properties in MLS are low hanging fruit and there will always be bidding wars on those and the buyers will bid those up.

I see some banks posting it online for bidding on Xome.com and some and posting on MLS as a foreclosure purchase.

The masses will roll out and multiple bids over ask will come back.

We ran out of money since the original bid from the project manager more than doubled as the project progressed, and it has taken almost a year to complete.