From my point of view; I don't understand why you'd want to do this:
You are talking resking $200,000 to $400,000 (Anaheim prices) to buy a pig-in-a-poke, without Inspections, without Title Insurance, and with possible Liens:
Do you enjoy walking the plank?
Do you think the Auction house is concerned with your best interests?
Good luck and may God bless