Chances of winning home at auction

[/u/PlaidmodeMama]

I’m interested in a home in my neighborhood that is going to auction in 3 weeks. It’s the same floor plan as mine so I know what it will take to get it fixed up. We purchased our home 4 years as a foreclosure, but it was bank owned. The “plaintiff max bid” is $2.8million. I understand this is generally what is owed on the mortgage so my question is, if the bank is owed this much, is it likely they will bid quite high to win? Just trying to guess my chances of winning the bid. The home probably has an estimated appraisal of $1.8-$2m.

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Chances of winning home at auction
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