With interest rates being at historic lows and houses on sale, you owe it to yourself to at least explore your options. You might find that it is actually cheaper to buy than to rent! Really....just do it! It doesn't cost anything to have a conversation about it.
If you are a first time buyer, there are some outstanding federal tax credits available as well. Here is a short, one minute video about the Mortgage Credit Certificate Program that will hit the highlights of this awesome program:
I am happy to have a conversation about your unique situation and see if it makes sense for you to move forward with owning a home of your own.
Sorry about the auction though.