The property was listed on 10/21/08 for $349,000 and was reduced to $$325,000 and then $298,000 within 3 weeks time. Two weeks later it sold for $275,000. Closed on New Year's Eve 2008 per tax records...recorded as 1/6/09 in the mls. I see no evidence that it is back on market. Earlier in 2008, the owners had it on market for $449,000 and for $429,000, but it did not sell.

The address is 27424 NE 45th Street Redmond WA 98053. The bank bought it back in August, it was for sale during Autumn and had apparently sold. Looks like it's for sale again.

The link you gave doesn't give the precise address, but I'm guessing it was foreclosed with the bank bidding in it's debt, and now the bank owns the property and is attempting to sell it.