Upcoming Foreclosures

Why are the bank owned properties in my area listed as being recently sold when...?

they are currently on the market for nearly half the price. For example, I'm looking at a home that shows on various sites to have been sold in Feb. 2008 for $300,00. The home is newly listed for $169000. Is it because the home is showing the fee paid by the bank when it reverted back to the bank?? I'm confused as to how it was sold then put back on the market as bank owned in a month!

Public Comments

1. That's usually the first mortgage balance when the bank took the property back.