Most of the properties that are auctioned on Super Tues as we call it are purchased by the lenders. It just depends on what agent is their REO agent. They have to go in and give an opinion for pricing , and do some clean up, and then place it on the market. Sometimes there are some times they have to make sure they have found all the dirt in the closet you might say as the buyer will be getting a title policy.
Keep watching, some of these have great prices.