Cycle of Foreclosures?

[Seth Schaeffer]

Newbie here...so what's the life cycle of a house that goes to into Foreclosure? courthouse auction--->bank sells where?--->MLS?

I ask because I'm a huge fan of the 3ft rule and I talk to anyone I can about real estate (even though I'm hunting for my first deal) and a lady at my Bank was telling me about a property. I went to the courthouse, used a skiptrace, tried contacting the who I believed to be the owner with no luck, and then saw it the next week on the Auction list at Sheriff's sale. I don't know if it sold or not because I didn't have time to go and am not experienced enough to buy one there for my first one. 

What's the best way to find if it sold and if not, where it goes next?

Thanks!