In our times of the Crisis, the Latin term "Sede Vacante" is used by the Sedevacantists to refer to the situation that I described. They believe there is a heretical usurper in the See of Peter. So, according to Catholic teaching, the See is Vacant because a heretic automatically loses his office/jurisdiction ipso facto (assuming that he was ever legitimately elected to begin with).
It doesn't surprise me that this seems like nonsense to you, Stubborn. You don't care what the actual Catholic teaching on these matters is. You prefer to use Old Catholic heresy as your guide. Just admit that fact and stop pretending.
It is not Catholic to believe that a papal claimant can be both a legitimate Pope and a heretic at the same time.
In our times, Sede Vacante has a universal meaning, iow, it means the same as it has always meant, except to sedes. To say it means something else IS nonsense. To say it means what you said, is to change it's meaning to suit your purpose. It's not rocket science.
You are the one who does not care what the Church teaches in this matter. There is no good reason, in fact, there is absolutely ZERO reason to go contrary to what St. Francis said in the OP - far as you're concerned, to leave it up to the Church is heresy.
It is not Catholic to decide the status of popes, never has been, never will.