Problem is if you can't buy the lien directly and have to wait for auction, it will probably get bid up tens of thousands.

I bought it from a state auction. Ive

It’s different from auctions since you risk having a redemption period where the owner can come back and claim the property 8-12 months if they have cash.

We have HMLs that can move pretty fast here and can fund within 48 hours; actually, half of the local HMLs can fund same-day at the auction. 

The property will be going to tax deed auction in a couple of months and I’ve had my eye on it for 6+ months because it’s abandoned, but looks like a gem.

I'm looking for insight from those who have experience financing commercial real estate deals.Im looking at an auction for a property that is currently a restaurant owned by a group who open franchises across the US.

What are the best resources to find forecloses homes/ auctions in the chicago land area?

Some hard money lenders partner who with auction companies so you can get in on some deals for 10% down. 

There are plenty of resources on BP for finding off-market properties, at that price point you may want to get county records for upcoming foreclosures and head to an auction!

Hi,I've identified a property (forclosed then failed to sell at auction)  currently owned by Fannie Mae according to the tax records.