As the description states...Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property.
There's a good chance the property will be listed in the near future by an agent. Contact a local agent and have them keep their eye out - and follow yourself! Do not pay any attention to the price they show next to the address. The owning bank will hire an appraiser or agent to visit the property and assess value. They will price the property based on local comparable sales and condition. That will likely be the price they will start the listing.