If it comes back on the market it will be whatever price they decide to list it for. Go knock on the door, or call them. If you saw the home with an agent already, though, the owner may still have to pay the fee. You say it is a short sale, there may be an accepted offer that is still being reviewed by the bank. If you don't want to contact the owner directly, call the agent who had the listing, or use another agent who will represent your best interest.

Hi G,

If I were in your shoes, I would go by the house and attempt to speak with the owner, if they are still there. Did it look like they were still there when you viewed the property? A lot of owners move on long before it actually goes to a foreclosure auction. If it is vacant you could do a little research on your own by checking who the mortgagee is on the Warwick public records(if that is where the house is). I could also set it up as one of my searches and let you know the minute it hits the market again(that is what I did for the buyer that waited 4 months for a property and we are going to see it today!)

Happy Hunting,
Chris

If the property is sold, then its sold. If a listing is expired it could mean that the broker didnt renew, couldnt sell it etc.. You can approach the owner of the property and if he has an exclusive listing with a broker he will give you his or her number.

The house was on the market for more than 180 days. When I looked at the property the listing agent explained to me that it is a short sale. I happen to view that property a little while ago nad went online to show a family member the information on the house and noticed instead of saying active or pending it said expired. I checked other websites and the listing isn't even there anymore. So should I wait till it comes back on the market, will it be the same price? Or should I find the agent and get more information?

In Wisconsin, if you looked at while it was still listed with an agent, he or she most likely has procuring cause. If you go back to that agent, he or she would probably be able to assist you in pursuing this home.

Linda S. Cefalu

Hi G,

There are a lot of unknowns with your original and 2nd part of the question that you have asked. With a little more information I may be able to help you or at least guide you in a direction that may help.

The most important piece is to find out the current status. Did it expire due to foreclosure? Has it already gone to auction? If it has it could be a little while before it goes back on the market if the bank has bought it back at auction. I was carefully watching a property for a buyer that was bought back by the bank in January is just last night finally went back on the active market. The truth is that the bank is buying so many properties at auction, that at any given time only roughly 1/3 to 1/2 of their property is being activey sold. If all of their property was ever listed at once we would se a much greater collapse than we have seen.

Happy Hunting and Good Luck,
Chris

Why was your offer not accepted? Was it presented to the bank? If I were you, I would try to contact the homeowner to find out what happened. Look them up online in the town record. It may be that it expired due to foreclosure. I have a database I can look it up in, call me with the address 714-7724.

Have you tried calling the Realtor who originally had it on the market? Perhaps he/she could help you. It could be a short sale that went to foreclosure. In that case it may be a month or so before it is back on the market.

Is there a way to find out what realtor would get the listing, how long does that usually take for another agent to get it. How can I make an offer in the meantime?

You can still make an offer. The fact that the listing has expired just means that the seller's contract with the listing company has expired. It may very well be re-listed within the next couple of days or so. The fact that it is a short sale means that you must contact the holder of the mortgage to present an offer, and in most cases you will not have a response from them immediately.