@Joanna Pias Are you referring to an auction that actually takes place at the property or a property that is listed through one of the auction websites?
Listed on auction website.
@Joanna Pias a novice can win, but I wouldn't recommend it for a first purchase.
My first couple REO's had 1 contingency, a 10-Day window inspection where I could bring in someone more experienced than me to make sure I didn't get over my head.
Are you able to get in and inspect the property?
Do you have your financing in order?
What is your exit strategy?
Do you have local contractors if it needs work?
Purchase price, repair budget, and after repair value?