has anyone been through this home?

There is a good possibility the bank bought it back for $10,000...the back taxes owed...of course the lien is still attached to the property. Could someone have bought it for $11,000? Sure, but they would be buying a house with a lien on it, which that bank would never release without a $500,000++ check! Plus, you could never borrow against the home with the lien in place!

I haven't been through it yet but now that they are allowing showings again I will be going through.

Thank you for the answer. Yes that is very unusual. I wonder what condition the property is in. Have you been throught it?

It is still on the market but as of March 4 they have stopped showings until March 15th. There could be a number of reasons for this but being that it is bank owned, it is unusual. Typically it could be due to an illness, work being done in the property, not wanting showings during the holidays, etc. But, again, being that it is bank owned, it is not usual. It could be that it is sold and the listing agent changed it to no showings but according to the rules of our MLS system, if it is under contract, it is to be listed as active -under contract which would mean showings were still to occur.

thanks kathy,

Is this home still on the market?

According to the tax records this property is now owned by a bank, Penn Business Credit Llc. Prior to it changing ownership it was on the market from October 2005 until March 2006, starting at $649,900. After the bank took it over it was listed in May 2006 for $569,000 and is still on the market but has been reduced to $475,000. Foreclosure properties are not always accurately reported in the tax records.

According to the tax records this property is now owned by a bank, Penn Business Credit Llc. Prior to it changing ownership it was on the market from October 2005 until March 2006, starting at $649,900. After the bank took it over it was listed in May 2006 for $569,000 and is still on the market but has been reduced to $475,000. Foreclosure properties are not always accurately reported in the tax records.