What does it mean when a house is in foreclosure, yet the are having an auction also on it?found a foreclosure, but they are having an auction also. It is not an absolute auction, so it could not be sold and just stay on the market. what is the best way to pursue a home like this? It is held by a bank, so I'm sure they have a price they will settle on.suggestions?October 30 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.