I heard it is being converted into condos, but unable to find newspapers stories or docs on any official plans.

I go with that route of bulldozing the whole house to the ground because looking at the other option of getting the house and fixing the structural issues in the basement completely redoing the plumbing completely redoing the sewage completely redoing the electrical it would technically be a brand new house but if the egress windows were put down in the basement and they were finished an insulated well in my personal opinion then it would actually be an official 5 bedroom 1 bath house with a potential of adding a second bathroom as one was started and plumbed in the basement but never finished then if only there was another house in the area that was comparable to it so it can be sold for higher than the 195 k after its fixed up again and relandscaped..... anyways.

Depending on the state you may or may be able to show the property until it is officially listed. 

At the beginning of the monthly meetings, members announce properties that they are selling or wanting to buy.

Sometimes an heir has to wait to officially be named executor by the courts, which can take months.

I know MoCo is pretty expensive and any low-cost housing is vanishing quickly, but I'm sure there are some prospects farther from DC, maybe around the Poolesville area.I've looked around for some sort of official records the county may have, but haven't been able to find anything promising.

How long do I have to wait until the property is officially mine?

If the property is located in an official urban renewal or urban redevelopment district, then you must be paid for anything that increases the value, for any kind of property.If you cannot find the former owner (or heirs, if he/she is dead) you should still file an ejectment lawsuit.

Also, the three major hospital networks in southeast WI have announced plans to build a hospital.

Update: I am officially under contract, and I just got to see the occuied unit and meet the tenant.