This is an Auction property. Typically, a public foreclosure auction occurs if a homeowner in default does not stop foreclosure proceedings during the pre-foreclosure period. Properties are typically auctioned off in a public location, such as the local county courthouse, by an attorney or local public official. Auctions can be great opportunities to buy property below market value, but usually don't allow for property inspections and often require a lot of cash depending on the auction process in your area.
Notice of Foreclosure Sale
A Notice of Foreclosure Sale is a notice filed at the recorder's office by the lender's attorney signifying a public auction.