The length of time it takes a lender to re-list a bank owned property for sale varies widely. It may take quite some time as often it's not clear who will acquire the asset into their portfolio. I did check public records and it is bank owned. If the past owner is still living there, then a lawyer will mostly likely handle the eviction. You don't want to purchase the home with anyone occupying the home as they then become your tenant. While the price tag on a bank owned home may look attractive, there are often extensive length of time in which you need to wait, wait, and wait some more. While lenders are making progress, they are still very slow to process paperwork as the inventory is incredibly high. Often, the previous owner trashes the home, removes anything of value - including appliances, kitchen cabinets, bath fixtures, etc. Going into it, you think you're getting such a great deal only to find out that replacing everything costs more than if you just bought yourself a very nice house.
Hope that helps! Feel free to give me a call if you have any other questions.