I recently was working with a client on a property that was sold to another party through the online auction in Jacksonville for $170,000. My client then contracted to purchase the same property from the auction purchaser. Several weeks into the contract, we found that the auction purchaser did not have clear title as their was an additional lien on the property not noted at the auction. The auction purchaser was out his $170k. If you plan to attempt this, please, please, please have a title search completed on the property. It will cost you a little but could save you thousands. Also note, and this is only my limited experience understanding of the process....in the auction information, it will show you the plaintiff's max bid. If your bid price is not more than that, it will revert back to the bank/lienholder. Typically, it will not sell for less than that number. If you are watching the process, sometimes it will show $200 or $400 or something, that it sold for, and that just means the plaintiff's max bid was not reached, it did not actually sell for that amount.