I should have filed bankruptcy...

Was there a bankruptcy involved?  

Financially stable - Cities that are in bankruptcy or near bankruptcy are not good places to invest. 

The OP has indicated it is a Bankruptcy Auction(Liquidation) and not a foreclosure and that the owner "didnt have a copy".

It might not hurt to get a market analysis in the as is condition from a realtor that factors in it is an emergency cash sale situation due to bankruptcy/foreclosure possibilities. 

We are now renting but I still see real estate as the vehicle to help me, my wife, and 5 children achieve financial success.I have little/no money, fair credit due to the foreclosure and a bankruptcy, and a lot of motivation to make this work.

The owner filed for bankruptcy and stopped the sale.

Going through bankruptcy, getting laid off, both parents going through C treatments.. then Mom passed..

-A bunch of dying geriatrics who are too senile/delusional to understand that their 1900 homes can't sell for 2X the market price-Delusional scumbags who are in denial that their houses are in foreclosure and would rather file bankruptcy than make some money and get out of the ugly situation they put themselves in-or the usual idiot home seller who refuses to go down on their price even after failing to sell their home for over 3 years.

@Cheyenne Davis If the home foreclosed and was actually part of the bankruptcy (you can actually look all of this up with the county), then the tougher question of whether or not it matters that the wife wasn't on the mortgage is a moot point.