So while looking for a house recently I came across a listing on Redfin that had just appeared on the market as a bank-owned for closure, yet the sale history says it was sold on the 8th October 2008 for 15K less than the current list price.
Could someone have been forclosed on, and the property come back on the market, in just one month ? If not why, would this happen ?
If I’m understanding your question, the house probably did not come ‘back’ onto the market in one month. The October 8th ‘sale’ was likely the title transfer from the owner to the bank. Now the bank is trying to sell the property.
Ah… In which case the “Sale price” is the amount the bank is owed on the property, most likely ?
Yes, if the bank got it, it was most certainly the balance on the note.