Nothing in my area has sold at auction because of this. Here in FL, it makes it easier for the bank to get the house. 1 year vs 3-4 years. Basically, the bank is trying to get their money and they also start the bidding close to what is owed. Bidding on a house on my street was supposed to start at $280k, didn’t go at auction and the list price now is $139k and that is too high for this property.