i will make it short starting bid its not even close what they want so for example this house that i like the original price 165000 sold for 130000 the fha would not give the loan becouse the house is trash next offer was 110000 did not go thru ok go to the auction 5000 to show them to get in 5% comision you dont know but they have bidders that work for them to bring the price close to what they want ok you win this could happen you go back and is the price they want so they accept but theres another 10% comision they dont tell you on top of the rest plus they have 3 weeks to back out and they have your money to invest for 3 weeks plus if the hoiuse you pay more than 80000 thousand your getting the worst deal of your life becouse you have to put 50000 to 60000 on the house my advise dont pay more than 90 a square foot it will take years to recover they market its a mess take this in account low salary high inflation more people with no job if people have a hard time paying there bill you think they will pay more for a house just a thought...