Going to an auction

[Darryn Carter]

Hello all,

I am very new to the real estate world and playing on attending a local auction in a few days but confussed on if the property once purchased is free and clear or do you aquire the dept the home come with. For example I'm eyeing this property that has a starting bid of 20,000 but the Total estimate dept $38,769.59.. would I pay the 20,000 + 38,769.59?

[Bonnie Laslo]

What kind of auction? Foreclosure Auction, Tax Deed Auction, Tax lien Auction :) All are great to attend and see them all in action. I remember the one I went to in TX & people literally had suit cases of money back in the day.