Sheriff sale questions

[Todd Snyder]

My wife and I have been aggressively hunting deals in our market. Our goal is 6 deals this year which is a little scary for us, but we are determined to meet this goal! This property was up for sheriff auction but got cancelled a week before the bidding started. So we found the owner on Facebook and have started talking to him about buying it before he loses the house. We don't have much experience in sheriff sales and we are looking for advice form experienced Investors on how to approach this deal. We live and Invest in North East Ohio. Any laws or things we need to be aware of proceeding with this deal? There is a lock box on the door and it has been winterized. Does that mean the bank has taken possession of the property? If so then what reason would the auction get cancelled for a second time? Does the owner still have a right to sell us the property? Any help in all of these areas would be helpful! Thank you for your time in advance! Stay awesome BP!