Load81884
Home Buyer
Midland, MI

I posted a question a few days ago about buying a bank owned home. I accepted their 3rd counter offer, but have been waiting for 2 weeks now for the offer to be approved by the bank management. The counter offers were apparently sent by a bargaining company and now the bank has to approve selling it at the price I agreed to and since the counter offers I received aren't signed, I have no recourse.

Yesterday, I logged on to the sites that list the property and it was gone. I finally found it on realtytrac.com and it says it's now going up for live auction. My realtor is basically worthless and will never get to the bottom of things and I'm not sure what to do at this point. He claims he spoke to the company that had the house listed and they didn't know their listing was taken off and then apparently said well maybe you'll have to buy it at the auction. What gives? Why would they want to auction when they have a guaranteed $54,000 cash offer?