I see. Thank you for clarifying the situation, Kaled.
Since this is a bank-owned property, there is a risk that the closing may be delayed months and in the worst cases, years. The only way to find out what the status of the case is would typically involve retaining a local attorney with access to the court databases to determine the parties and issues involved in the case, so I would look for a local real estate
law attorney to do that for you in order to obtain additional information.
You likely agreed to purchase the property "as is", so if you terminate the purchase agreement, the bank may pursue damages
against you unless you agreed to a certain closing date (and did not agree to extensions of that date), which the bank has been unable to meet. In that case, you could potentially terminate the contract and not be liable for damages to the bank, but it will depend on the language contained in your purchase agreement.
I hope this helps clarify the situation for you. Please remember to rate my service once you have all the information you need so I will be compensated for my time from the deposit you posted with this website. If you have any other questions, please ask me – I’ll be happy to respond. Thank you!