However, in a competitive market where deals are transacted much more quickly (and often times off-market), experienced agents/brokers with wide, deep-rooted networks, that facilitate transactions for a living will more often than not have their eyes on most properties before someone skimming the MLS will.

Short of a specif precedent that all auctions are final,  are you prepared to spend years and big $$$ to fight a big bank with deep pockets ? 

@Chinmay J.It's a game of patience...Outside of that, the biggest problem is that it is hard to get a deep enough discount for a flip.It might make an okay play for a rental.

Read and understand the paperwork,then make sure if the worst happens you have reserves or alternatives in place so you are not in deep water.

People lose much more money through the slow creep of poor spending habits.

@Mariano Wahlmann,I live in Dallas and here is my perspective...Dallas is going through Economy Boom, Everyday 1000 people moving to DFW metroplex.Companies are declaring their relocation to DFW every week.There is new construction going everywhere, still they dont keep up with demand.I was here is 2008-2009, Dallas just slow down during that time period, never feel recession.Here are recent data from Forbes about Future growth...

Since the crash of ‘07 there has been a slow but gradual recovery for the real estate market.

Is it really slow getting an application?

When I asked him about how we were going to address the overage fee his response was that delays in funding slowed things down, but that's impossible. 

I recommend a C.I think its good to start slow with a turn key.I am a property manager.