You can’t do a full inspection on a property on the auction block. It’s better to look into short sale. You will be allowed to do a full inspection on the property and even use the list of repairs as a negotiating tool to get the lowest possible price.
Just as a sampling, most of the post-auction listed REOs we look at here in Vegas are STRIPPED of absolutely everything. They take everything, even light fixtures, closet doors, toilets, faucets and waterheaters. One house had all the carpeting pulled out (it was one of those that was bought new from the builder and never lived in).
We joked once that the next thing to be missing from these REO’s would be the granite countertops. I have a feeling that won’t be just a joke soon.
