Ppl dont know thats why they ask. U need to go around putting down ppl who took the courage to ask? Why?

If lodge by the same auction bank, its fine.
If multiple banks then problem unless cash purchase.
Ask for the Proclamation of Sales (POS) and engage agent.

This guy does almost all auction(s) and his services are paid by the auctioning bank. You dont pay him anything.
https://www.facebook.com/banklelong123

Where? How much starting bid?

Are you sure is a caveat and not a Charge ?

Which is the foreclosure bank and which bank lodge the caveat ?

If you want better advise, upload the title search report here. You can blank out owner's details. Just want to read the 'caveat'

The foreclosure bank has the first right to the property being auction followed by the bank caveat.

The auctioned price will go towards settling the outstanding loan and if insufficient (in most cases), then the foreclosure bank will sue the borrower for the remaining and cancel the Charge so the bidder will get title to the property. This is without caveat.

The second bank caveat gets nothing, so they won't lift the caveat unless whatever money owed is settled. Meaning, the bidder must pay above the auction price to get title to the property.

The caveat was lodged only few days ago.

When is the POS dated and the auction date ?

The charged is oredi a good hold on the property.

My agent said if same bank lodge caveat means the owner refinance.

A chargee (auction bank) get preference over others.

Not sure why would a bank refinance the same property when it is going into foreclosure as mentioned by another forumer's agent.

Learning something new today.

My guess of the caveat is that the borrower might have another loan with the bank, maybe personal loan and is in default. The reason for the recent caveat, since the property is going under the hammer.

The foreclosure sum may only covers part of the housing loan and the bank has to sue the borrower for the remaining.

The caveat is indirectly asking the bid winner to settle the PL for the borrower 🤔

Unless, one can find out the outstanding PL, to bid or otherwise will be left to the bidder decision..

that SD project one is it?

Good luck bro