Renting a house, that we were working on as a shortsale, then the house was foreclosed on and we still want to purchase the house

[Shelly Lagos]

We have been working on the purchase of a shortsale home.. We sold our home to move into this home. While going through the shortsale process, we were going to live in our RV until the shortsale was finalized and the sale of the house went through. The owners asked if we were interested in leasing the house and we said yes. We moved in on 10/22 and on 10/25, we found out that the house was foreclosed on and auction off on 10/24. No bid was placed so B 0f A now owns the home. We still want to purchase the house and I tracked down the REO Agent. My question is, do you think we will have a sound option at purchasing this home though the bank and do you think we will have to move out before we can purchase the house. We have excellent credit and already have the loan open, just waiting for the house....