WHAT ARE THE CONS AND THE PROS FOR PURCHASING A HOUSE THRU AUCTION?

WHAT DO I NEED TO LOOK FOR AS FAR AS LEGALITIES? HOW ABOUT IF THE OWNER TOOK OUT TOO MANY LOANS AGAINST THE HOUSE, IM GOING TO INHERIT ALL HIS FINANCIAL PROBLEMS WHEN I PURCHASE THE HOUSE OR IT WILL NOT BE MY PROBLEM AFTER ALL. THANKS