Breaking down an auction property with encumberances

[Cate Bell]

Hello everyone, 

I am a new investor and I came across this auction property that has several encumbrances attached. Can someone break this down for me and explain how that purchase would work. I am looking to learn more about the auction process and how encumbrances impede the purchase process or how it can be used in favor of the buyer. 

Any feedback is greatly appreciated. 

https://www.treasury.gov/auctions/irs/pvks_real_93...

Thanks in advance,