Wendy Usrey

Have you checked public records? This happened here with a house that the bank purchased at auction. It sold the next week (without ever being listed on MLS) to someone who approached the bank directly. You can check who the Owner of Record is to determine if the bank still owns the property. If the bank is still listed as the owner, then I would call the bank directly to see what is going on with the property. These types of sales can get very complicated and time consuming, so I would recommend you have a Buyer's agent assist you with negotiations. They can also help you in determining a fair value for the property and reviewing the paperwork, as many times the banks have their own addendums for you to sign. It's always a good idea to have someone looking out for you when dealing with these things (such as penalties for delays in closing, etc) to make sure you're getting the best deal possible. Good luck! - Mon Nov 16 2009, 19:23