You may need to make an offer on the note and DOT and foreclosure yourself or you may want to try and get them to finish foreclosure and you bid at auction or if the property reverts back to them, purchase post foreclosure sale.

So my options are to either wait for it to become REO and available...or may be someone else will buy it at auction.

I am looking at targeting a specific subdivision that was originally developed in 2005 and between 2010 and now 17 lots have been auctioned or sold by individual owners.

Hell yes.Be long term goal oriented, patient and it will pay off.If you have to pay a guy in a clown suit near the steps of the courthouse on auction day holding a sign reading, "Let me Buy your Winning Bid for a Quick Profit!!!"

It does Not appear to be closedNot sure what the 5/10/12 events are6/4/12 Motion for Summary Judgement(final hearing where auction date is set)It looks like no separate request for setting the actual Summary Judgement Hearing was ever done.and 08/28/12 looks like a proposal for settlement.....these last two events makes it look like the plaintiff sure doesn't think the case is dismissed.Wherever you found this info, there should also be some indication of the case status...ie. pending, closed, reopened, etc.

During that period we acquired some of the best foreclosed/tax lien auctioned properties @ prices I haven't seen since.Judging by the last couple of auctions people are going crazy with their inflated bidding.

My husband and I are trying to save a business before it goes on the auction block in Nov.

At the Barrett-Jackson auction in Reno a 1963 Vette body off restoration sold for a whopping 175k!

Is this property going to be bought at the "courthouse steps" type auction?

Jane,The county will auction off the property and anyone can bid on it.