Property just listed: Foreclosure pending Feb 17, NOT short sale

[Natalie Kolodij]

Hey guys, 

I recently found out I may need to buy a little sooner than I was planning...because my landlord wants to sell my house. I may buy my house if we can make the numbers work, but I don't really want it. So I'm looking at options. 

A property just came up on redfin that is really appealing to me because it seems to need no renovations, is in my price point, and has a detached guest house with 3/4 bath so I'm thinking income potential. 

I had a realtor friend look up the details and she told me It's being foreclosed on February 17th. It's specifically listed that it's NOT a short sale, and sold as-is. And that" the buyer would need to work with the trustee for an extension if they can't close the transaction before then" 

Can any one shed some light on what this means? I'm guessing the short sale means it's not underwater- so does this seem like a good opportunity to make an offer? Is it plausible in 30 days or should I look into HML that I can refinance out of or...?