As a small time guy who used to purchase at auctions this kind of stinks. To me it is simply a case of the rich getting richer. I would have been much happier if these homes would have taken the “normal path” through trustee sale. That way the public would have gotten the same shot at the homes as the large REITs. As far as the argument that getting the homes on the market fast can now happen, well, I don’t buy it. Investors that flip have crews and can actually get a flip done quicker then a large REIT depending on efficiency and focus.