As Jay explained, this property is under contract and lender owned. If you are looking to rent instead of buy, keep in mind, rentals are in high demand and getting more so by the day. There are a large number of folks losing their homes and they must rent. As a result, rents are going up and landlords are getting pickier about pets. Also, the investors who would be buying these homes, fixing them up and renting them out are being held at bay by Fannie, Freddie and HUD for up to 30 days. After these homes become available to investors a cash bidding war ensues, driving the price up.
There are also some landlords who are renting their homes and condos out to unsuspecting renters, collecting all of the deposits, etc., then they stop paying their mortgage. 3 or 4 months later the tenant gets an eviction notice. Most of these guys have a sign in the yard. It is not a pretty picture out there for renters.
I recommend you find a real estate agent willing to work with you
GIve me a call if I can be of service.
Hunt Real Estate ERA