No. The bank or lender is under no obligation to halt foreclosure proceedings. Your agent must contact the lender to find out what their intentions are with the home, if any. Do they know there is an accepted offer to purchase contract yet? If your agent can't get to the bottom of this for you immediately then contact the listing agent yourself or the lender directly if possible. Someone dropped the ball and could very well cause you to lose your chance to purchase this home. I can only hope that someone cares enough to give you the answers you need now.
Diane Wheatley, Broker