Didn’t mean to be rude… The property went into foreclosure. The foreclosure process has 1 of 3 outcomes. 1 the owner of the home cures the default, or works out a solution with the lender so that the lender halts the foreclosure process. 2 and 3, the foreclosure process completes and culminates in a trustee sale. (aka auction) At the sale either someone will make a bid on the property and become the new owner, or nobody will bid on it and the property reverts back to the lender. When the property reverts to the lender the property is known as bank owned or REO. The event is indeed recorded as a sale as you saw.
