Part of the foreclosure process usually includes a "redemption period". If a bank forecloses, a house is auctioned for taxes, or something similar, the homeowner often has a period of time (30-90 days?) to redeem the property. During that time, the home will be vacant, but it can't be sold. And so it sits there...looking for sale, but it's not.
Have your realtor help you keep an eye on it if you are interested in buying.... more