Jimmy, RealtyTrac gives the impression that the bank is ready to
sell this home, but it isn't recorded as the owner yet. It's not on
title. When the bank has cleared title, it will put the home on the
market with a Realtor. Once that happens you will have the
opportunity to buy it.
Your best chance of getting this opportunity would be to contact
a Realtor and have that person watch the street for you and let
you know when it goes on the market.
If you are not working with a Realtor already, you may contact
me at 317.513.4652.