First, hire a good lawyer. It is advisable that the name transfer and loan agreement is handle by the same lawyer to avoid delay in paperwork. Can appoint 2 different lawyers but then again, you will face a situation where lawyer A blame lawyer B for the delay and vice versa.

LACA auction can be extended with penalty. Refer to the lawyer, they know how to do it. And if your reason is good enough, can even get extension with no penalty also.