Its exactly what cadkins45 said, all domains have a holding period on them which is 70 days, there is a 30 day grace period where the owner can by them back at the original rate, after this the rate increases.. Eventually the domain will get released into the public domain again, but there could also be domain snapup companies that are waiting to by it and you would then need to enter into a bidding war with seal bids which can get costly, or you might get lucky and just be able to purchase it straight off if there is no other interest.
Best of luck