Perfectly legal as far as I know. They own the home and they can market as they see fit. They are not even required to respond to your offer. The Price is not and offer to sell at that price but only an invitation to bid.
You should document your complaint and take it to the Florida Attorney Generals Office.
The information you provides does not reveal if the issue is the posting appearing on an aggregate website, published by the property owner, a scheme by the marketing company or a typographical error. We have no evidence where the data was obtained or if any effort was made to 'verify' this data.
However, your question suggests you entered into an area that real estate professionals are familiar with. Such environments present an illusion of rules, a suggestion of common sense but in reality anything and everything can and does happen. Real Estate Professionals navigate this 20 to 50 times a year. Perhaps there is value in working with a professional. At the very least, you can know take comfort in knowing the answer to "HOW" is directly related to "WHO" is pulling the strings. And when you realize YOU bailed them out that should make you really happy. Too big to fail is too big to govern. The banks can do whatever they want. You can try to slow them down through a appeal to the Attn General.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
First Look: http://youtu.be/PumYpkgybXE
"The Florida Constitution requires us to value all property at its "just value." The Florida Supreme Court settled the matter by ruling in the 1965 case of Walter v. Schuler that "just value" is the same as "market value." Market value is the cash amount a hypothetical willing buyer would pay for your property to a hypothetical willing seller on the open market under normal financial conditions (and minus a reasonable cost of sale). Thus, the actions of people who buy and sell property like yours set the value of your property. The just values displayed on our property records were set in compliance with Sec. 193.011, Fla. Stat., and include a reduction for costs of sale and other adjustments required by Sec. 193.011(8). "
So you can see, what you pay fopropertypety is likelyikey to effect you taxes as others suggest. If you buy a property with Just Value of 100,000 for $200,000, you will pay taxes on the 100,000. If you buy a property for $50,000 that has Just Value of 100,000 - you will pay tax on the 100,000
1 I. DO A CMA (COMPARABLE MARKET ANALYSIS) THIS SHOWS WHAT SIMILAR PROPERTIES
ARE SELLING FOR IN THE NEIGHBORHOOD.
2. WITH THIS INFO THE CMA YOU CAN MAKE A BID HIGHER OR LOWER THAN LISTED.,
3. IF IT NEEDS MAJOR REPAIRS IF MIGHT NOT BE FINANCEABLE UNLESS ITS APPROVED
FOR RENOVATION FINANCING.
4. YOU MUST IF FINANCING HAVE PROOF THAT YOU ARE QUALIFIED TO PURCHASE
THE PROPERTY WITH A LOCAL MTG COMPANY.
5. IF YOU ARE PAYING CASH YOU MUST SUBMIT THAT YOU HAVE THE FUNDS TO PAY
CASH , THIS HAS TO GO WITH THE SALES CONTRACT WHEN YOU PRESENT IT.. IF
6 IF HYOU REALLY WANT THE PROPERTY NO MATTER WHAT THE CONDITION BID
HIGHER THAN THE ASKING.
I suggest you take it, sounds like what I tell buyers on REO property.
If you like the property, bid what it takes to secure the deal.
What many fail to realize is, when what you pay for the property is recorded (within reason) on county record, the home is then considered to be worth what you bought it for.
Get your realtor to do a good CMA and go from there