You can certainly bid on a property ahead of the auction but you should be aware of the fact that once it is in "auction status" you , the buyer, are liable for the auctioneers commission which is normally 6% of the purchase price.
Furthermore if you go to the auction you will have to pay cash
So in a word - forget about it.
It appears this is the case with the property you want to purchase.
You can find out from your county when the property is scheduled to be auctioned, and actually go to the auction and bid on the property yourself! You can also ask your Realtor if he/she can find out the information for you, so you can get all the details of how an auction works, what is expected of you on the dalte of auction, etc.
I hope this helps!
Just because a property is going to auction, doesn't mean it isn't available. I've had an accepted offer from the bank and we were ready to go to escrow. Even though our offer was accepted and higher than the sales price, the bank decided to let it be sold at auction. The higher sales price never happened and then ended up calling us back to see if we wanted to go to escrow. They buyer was reluctant and I lost that deal. AN AUCTION IS AN ORGANIZED GATHERING OF LISTINGS AND PEOPLE FOR A SALE..........that's all it is, but in your case, the bank just isn't looking at offers right now. I would put in the offer. if the auction does not go well, they will be calling you.