buying a Bank Owned House problem
Our realtor showed us a bank-owned house. We made a written offer, it was accepted (with a quick closing date).
The listing went to "Pending".
We were expecting the contract to come in yesterday or today at the latest (48 hours).
Last night our realtor received an email from the realtor who listed the house saying that a 'mistake was made' and our offer was not accepted.
The MLS listing went back to active.
All conditions of the offer were agreed upon except they have now raised the price by $5,000.00????
Is this rasing the price after an agreement common with bank-owned properties?
We will probably walk away from this property.