REO's on the Assessors Website

[Michael Rosine]

Hello all,

I decided to try the driving for dollars approach to finding properties, and found a couple, but I'm having some trouble understanding one of them. Here's the link to the listing on the assessors site:

http://qpublic9.qpublic.net/ky_fayette_display.php...

It shows that the current owner is a finance company that "bought" the property for $60K through a master commissioners sale. That was almost 2 months ago. I can't find any indication that the property is being sold right now, so what's going on here? Is the bank just sitting on the property?