Buy at Auction or Before?!

[Vanessa Ryder]

I am tracking a property that is scheduled for Auction this week (provided it isn't postponed!) The outstanding default amount is pretty close to the value. Wondering if there is a way to get in ahead of the trustee auction (vs compete with multiple bidders on the day..) if I can get the seller on board and get the bank to agree.. OR better to wait for auction? Will the bank ever take less at auction than the amount owed? Any input from those of you who do this / know about this would be much appreciated!! PS I am in California!