Good Morning! Great question...and one that has come up many times with my clients in this current new "seller's advantage" market. The thing you must remember is that the foreclosing bank in now the new owner of the property..and has the same rights to use of the property as any other owner. There is no obligation to sell. Banks are delaying selling for many reasons. Could be that the home has structural or safety issues (severe mold is an example) that may make the home unsafe to allow the public in to view it. The bank may be planning to include the home in what is called a "bulk sale" package auction. They may be evaluating if they plan to sell the home in "as is" condition, or if the property would bring a better return if it was fixed up. Some banks are even renting out foreclosures in order to bring in some profit while they wait for the market to continue to increase...average prices went up 9% in the Tampa area last year!
All I can tell you is that a good, experienced, local agent should be able to find you a home...but it will take some patience on your part. It is not unusual for a buyer to have to put in offers on several homes before one sticks. If you have other questions or need assistance in finding a home, give me a call !!