Asked by Danielle, Worcester, MA • Wed Nov 17, 2010
So I put an offer in on a short sale property in August and now the bank decided to put it to auction. Is that even legal? I think the bank and the seller could not agree on some sort of settlement amount which prompted the bank to foreclose and auction it off.
Anyways at the auction the house sold 27K less than my offer. The way the auction ended my real estate agent thinks that it was the bank who bought the house back but we're 0 not sure. So now he thinks I should rescind my offer as he thinks the bank will have it relisted at a lower price.
What do you think I should do? Rescind my offer or keep it in there? Just looking for second opinions and any suggestions or advice on this situation.
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