Question about property listed as foreclosure on Zillow

Hello all,

I am starting to look around at possibly purchasing a house, and it seems like there are a ton of foreclosures and short sales in my area. So one property I am looking at has been on Zillow for over 6 months, and is listed as "This property was foreclosed and now the lender is selling it for $59,000.

Zillow's Foreclosure Estimate predicts this property will sell for $99,000."

So does this mean the property is currently on the market with an asking price of 59k? I emailed the agent, but I was hoping someone here could help out as I'm lost with this real estate jargon.

I appreciate any help!