Newbie question

[Martha Lohrstorfer]

I recently saw a mortgage sale forexlosure notice in our local paper. I drove by the property and it is worth at least 10 x the amount of the bank listing price in the foreclosure. I don't understand why the owner would not sell it. Does this sound at all fishy to anyone else? I have never even been to a foreclsoure auction, but this house would be a dream for our family. What should I be looking for? What questions should I ask? What is the most prudent way to proceed?