If it is going to auction, there could be a reason they are no longer attempting a regular sale. There are always more to the story on these types of properties.
Also these are often listed by agents who are not really interested in working with buyers or are overwhelmed with work.
Get your own agent to help you with the purchase of this house or any others. They'll be loyal to you and give you the best information about the house you want to buy.
If you still need help feel free to call.... more
Hi Doris, I am a mortgage Banker and these questions come up often when working with my clients. If you are purchasing your home as a primary residence, you should qualify for programs such as FHA, VA or USDA, which require very little or no down payment. These programs are more flexible on credit. You need to talk to a lender in your area who offers these programs. If you are purchasing an investment home or a second home, a much higher down payment and higher credit scores are required.