I agree with @Chris Seveney: You won't know until the opening of the auction if the sale got postponed, canceled, bankruptcy, loan modification, loan paid off or a number of other things have happened.If the "auctioneer", we use the term "Trustee", learns of a bankruptcy filing after the auction happens and if the bankruptcy is determined to be valid by the judge, then the "winning bid" gets their money back and it's as though the auction never happened.However, if the bankruptcy was not valid, the Trustee will determine if the winning bid proceeds or if they redo the auction. in my court house buying days occasionally ( this was oregon and Washington Vancouver market of WA.) the trustee would either record the trustee's deed or send it to us and I would run it over and record it..

@Philip Feinstein I will reach out directly to learn more about your situation to see how I can help.

Open to connect and learn!

Lessons learned?

Learning tax strategies could be the easiest money you ever make.Prepare to save big on your taxes this year.

I have learned if I buy an item at Home Depot, when I go home and check Amazon, it is usually half priced!

Raw data is not manipulated by any machine learning / AI BS algorithm. 

If you experience any issues, reach out to either someone with the experience or someone with the willingness to learn and find the answer.

a. by hiring a good tax prob. by becoming one and learning to research the actual tax law on your own 

I suggest buying a brick building if you go that route- was in a similar situation in 2018 and bought a wood building but wish i had gone with brickstraight up chicago real estate investor podcast is a great way to learn what others are doing all over the city