Are they familiar with auction sales as a percentage to traditional sales?

I've been on both sides of both real auctions (absolute) and so called reserve auctions.

I originally tried to get them to take 10% of their lien, but they wanted 50% and ended up buying the property at the Courthouse auction

Buying a note pre auction would be a v ideal situation for us.Anyhow thanks for all the ideas guys and any other ideas are more than welcome :D

My focus is still on wholesaling but i'm just curious about purchasing a property at an absolute auction.

The redemption period starts after the property is sold at the sheriff's auction.

Yes, the noteholder has the right purchase the home at the auction provided they meet the minimum required by all superior positions.

i also forgot to mention that I have even called a two of the bigger firms out here that handle the actual auction sales but they just refer me back to the lender as well.Either I'm not getting through to the correct people or these banks are only interested in selling the notes in giant pools and not individually to an investor like me.

Property was marketed openly and fairly via MLS, auction, FSBO (for sale by owner) or developer marketing 3.

It might do like auctions do and build up a frenzy and might make the unit seem more appealing.