BiggerPockets

Are these houses on W&W free from any defects or clouds on the title? Any loans or taxes that need to be settled? What kind of title can we expect?
I am currently bidding on a house on-line and am skeptical of W&W but then again I also was of another online auction company that I currently do favor.
This house I am bidding on is owned by US Bank and noticed that someone is bidding against me with the username of 'taxcutter' and notice that this "person" is also bidding on properties throughout the country. Is this individual bidding up the price for the bank, W&W, or a wholesaler?

I'd hate to have my low-ball offer accepted and then find out that there is much involved with getting a marketable title.

@Stanley Crawford maybe my bid isn't as low-ball as I thought since you got yours for $3500 and $6000.

Any help with what to expect would greatly be appreciated.

Yes read the terms for that auction. As long as it is not an occupied property you should get an insurable title. PM me if I can help.

I have dealt with W&W several times, 2 were accepted, 2 rejected, just nature of the game. Auction also clearly states the high bidder fees that you will pay so nobody should be complaining about those, dont bid if you dont want to pay them.

I put a winning bid at an auction. They approved the offer, and took my deposit of 36,000. After getting loan approvals, appraisal, inspections, elevation certificate and food insurance I am out 39,000. When lender ask for proof of right to sell they call two weeks after saying they can not sell it and are under breach of contract. At these auctions they do not let you see the contract before and after you bid they have you sign your rights away. Basically you can never back out, but they can back out at any time. You can not even take them to court to sue. Very bad these guys are allowed to do this. I also learned that before they told me about the active suit on the house they put it back on the market at 920,000 -- I won the bid at 700,000. So we know the real reason they backed out. They basically are lying to me they put it back on the market and not selling to me.