Denver Forclosure Help

[Steven Tawresey]

So I've had my eyes on a vacant apartment in Denver for quite some time, but only recently started to look into it more. I used to live in the building so I have a bit of inside info on the property. It needs a full fix and flip (I put together an estimate and have an ARV) and the potential is substantial. My initial plan was to contact the owner to make a deal. However, in my research, I learned the property is going to auction in 10 days!

Does this mean the bank has taken possession and the auction is inevitable? Or could I still make a deal with the owner? 

What could/would a deal like that look like?

Unfortunately, my job is taking me out of state next week and I won't be able to attend the auction even if that was the only way.

Any advice to get the property before it goes to auction? Thanks!