Bank of America foreclosed on this property on February 5th. It currently is not on the market, but should show up on the MLS within the next 30-60 days. It takes a bit of time for the bank to do assessment of the assets that they purchase, and get the legal paperwork finalized so they can resell the property.
Although they purchased the property for $60,000, I fully expect to see the property on the MLS for well above that amount because the mortgage on the property was higher than that!
If you'd like for me to watch this property for you and alert you to when it becomes an active listing, please call me, and I will be happy to assist you.
Debbie Redditt, CRS, ePRO
Certified Short Sale Expert