"Auction" properties are not what they appear. The Bank STILL has to APPROVE the 'auction' price so it does not always go to what the highest bid is at an auction. Many, many times the bank delcines the 'highest bid' and the property is RE-listed on MLS with another agent. Also....with all the foreclosed on properties in Stockton, over $300k for a 1700sf home seems very high to me...and I sell homes in Stockton. See an agent that you are comfortable with to take you around to homes in that area. My personal opinion is that you will find a better deal.