At times the foreclosed properties being auctioned will have a reserve price. Even if your client has the winning bid, your client will not be the lucky owner unless it meets the reserve. Although, the auctions have bank representatives which you can negotiate with and meet halfways. Also before your client goes to an auction, always do comps on the properties that they are interested in. There is a frenzy at the auction and bidders will over pay.
Just my 10 cents.
Jes Sierra, B.Sc., RealtorÂ®