Can I Get a Home Loan for a House at Auction?

My husband and I are "first time home buyers" and we are looking into buying our first home at a local auction (the homes have been foreclosed and will now be auctioned off). At the auction, would we need to; A: just have this money laying around in order to buy the house, or; B: would we be... show more My husband and I are "first time home buyers" and we are looking into buying our first home at a local auction (the homes have been foreclosed and will now be auctioned off). At the auction, would we need to;
A: just have this money laying around in order to buy the house, or;
B: would we be able to be get a home loan / mortgage prior to the auction?
Thanks so much! I really look forward to hearing from you!
4 answers 4