How do I follow up on this property?

[Jeff Oberts]

Hi, guys! I'm mainly into short term rentals, but recently began broadening my REI exposure to learning about SF/multi-family properties. The other day, I was driving to MIL's house to drop off the kiddies, and there it was...the worst house in the best neighborhood that you always hear about. I did a little research and found out it's bank owned and a real estate agent I spoke with said "there's no movement on it at all" (whatever that means!). So, my question to you guys is, how do I go about trying to buy this house? Do I call the bank who owns it? Do I wait and see if it goes to auction? Any guidance is GREATLY appreciated!

Jeff