This property is up for auction - this means no one can see the inside, or perform inspections and does not mean it comes with a clear title, meaning you may be liable for any liens or back taxes the current owner owes. Very risky. Bidding starts at the listed price. The bank will send a representative and if there are no takers, then the bank will buy the house back. This is what it means when you see a $100 transfer or sale.
Once the bank takes it back, it will take 4 to 6 months for the bank to clear the title and hire a real estate broker to sell it for market value.