1st post been on the outside looking in for awhile: First offer - Short sale offer ended in foreclosure

[Drake Siegel]

I put an offer in on a short sale property about two months ago with the intent off flipping the home. I just found out that the bank is not going to allow the short sale and the property will be foreclosed on. Why would the bank chose to foreclose the property versus allow the short sale? The broker I was working with said the property will be sold on the court house step. How do I go about finding the date this home will be sold at the court house? Are there websites for this information or somewhere in the county I can find this information? 

Thanks in Advance 

Drake