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02-02-2011, 06:22 PM #1
Renter
- Join Date
- Feb 2011
- Posts
- 1
Could someone help clear this up?
So my wife and I have been doing a good bit of house shopping. We went and looked at some properties this past weekend and found "our house". We both instantly knew it was the house we wanted from the moment we stepped in the front door. So that night we go back to our realtor's office, fill out the paperwork, and put in an offer. That was Saturday night. Part of the selling agents offer requirements was that we must get pre-approved for our offer price through Bank of America, so we handled that on Monday and got it over to the selling agent that evening. Our Realtor is telling us that the selling Realtor is waiting for a reply from the bank (I believe the property is bank owned).
So with the background out of the way, to my real question. I did a Google search for the house on Sunday and turned up an online auction for the house. That auction ended on Monday, but now the site is showing that the house is going back up for another auction on February 5th. I don't understand how the auction can go back up for auction while my wife and I have an offer in. Any replies will be greatly appreciated and just let me know if more information is needed.
For reference:
ww.zillow.com/homedetails/847-Haskins-Dr-Suffolk-VA-23434/79303755_zpid/ - The MLS Listing
ww.auction.com/Virginia/Suffolk-City-County/All-Suffolk-auctions.html - The auction.
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02-02-2011, 07:55 PM #2
Fixer Upper
- Join Date
- Jan 2011
- Location
- Dallas, TX
- Posts
- 17
Even though you have an offer in, it hasn't been accepted yet by the seller (bank). Once the seller does accept your offer, the property will go into a pending stage, and it should come off the auction.
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