On the county website it states:2 - INVALID SALE-3-Foreclosure Related/ShortSale (in the sale description section) in Nov. 2010Does anyone know what could be going on here?

You can try propertyradar, it is a great tool to find and evaluate foreclosure deals. 

The only way "the bank" can offer it for sale is if the foreclosure has been completed, and they got it back at auction. 

For instance when I am looking at foreclosure auctions I don't even begin to investigate a property unless there is at least 20% or $25K profit.  

This is why you have to find ignorant and or desperate sellers for your business to work.I just got called a couple of weeks ago by a seller in foreclosure, but with equity. 

I became a motivated seller and was able to sell it without going through foreclosure but I lost all of the equity and savings I had built over the previous 15 years.

Due to the way things have played out in a foreclosure I observed, the bank no longer has the statutory right to redeem their interest in the property at question (period for subsequent redemptions has passed).

and recourse if I don't pay (I explain how a foreclosure works and how a low LTV protects them).

When I did finally get to sit with the person that was motivated to sell if they were in foreclosure  99% were..

For example in Indianapolis I can find owners of record using this web address: http://cms.indygov.org/MyAssessedValue/or this: http://maps.indy.gov/PropertyAssessmentViewer/ This only works if there has not been a recent foreclosure.