If a property is purchased at a Sheriff's auction by a bank, it generalliy gets winterized and listed with an REO agent rather quickly. It seems that recently, these homes are not hitting the market as quickly. Perhaps banks are waiting for a more "favorable" market. If the house has been put up for a public auction, it is generally listed in the MLS like any other property for sale. In that case, it is either purchased by a re-habber who will likely fix the house up & put it back on the market. If you are looking for a property in Kettering, you can contact me-- that's an area I work in quite a bit.
Keller Williams Advantage Real Estate