Best advise any of us can give you is to work with a buyers agent, it's at no charge.
Find someone you like working with then let that agent/broker help you. Start with the ones that responded to your query right here on Trulia.
Listed on May 22 and under contract in less than a week. This buyer likely has an agent who is running a search every day to find new and changed listings.
Times have changed.. again! We are now seeing multiple offers within a few days of posting our listings. A bank sale such as this one, at such an attractive price, will not be around long enough for you find it if you don't have someone working on your side.
I am an agent working this area since 1987. I can help you navigate through the overwhelming amount of information, listings, short sales vs bank owned and more.
Call me and we'll start a search tailored to your specific needs.