There are other possibilities:
They could be Shortsales
They could have foreclosed, (Trustee Sale) and the Owners have yet to move.
They could be a SCAM, you always have to be aware.
If you are that close to buying, you should have a Realtor working for you, finding REO's that meet your parameters, and that truly are for sale.
A Buyer's Agent is free to buyer, but the best move you can make.... more
You should be asking those questions of the "buyer's agent" that you're about to find. The listing agent doesn't work for you.
You can find a good buyer's agent by asking your friends/family who've purchased homes for recommendations. if you don't have that option, you can meet agents at "open houses"... a good place to meet and size-up agents.
Once you find a few... do your homework. Interview them, research them, see how much business they've done in your area, and it the type of home you're looking for. Ask them about this situation with the listing agent... see how they respond.
Good Luck.... more
WOW sorry to hear what has taken place. My question do you have an executed contract? If you do have an executed contract a bank would rather sale the property than a foreclosure. I would recommend for the listing agent contact the bank stating an executed contract is on the property.
http://www.homes-for-sale-dallas.com http://www.lynn911.com... more
Call Litton and see what is going on. They may have put the request in to Millsap and Singer before the modification was approved. If they won't approve the modification see if they would consider a short sale where you sell the property for less than you owe. I can help you with this and may even buy the house myself (I invest in houses in addition to being an agent). Often times they will hold off on the foreclosure while you try to sell the property. If your loan was originally with a different lender and Litton purchased it another option that may work is to tell them to "produce the note". Basically many times the bank who bought your loan won't have the original note you signed against the house. Without the note there is no proof that you need to pay them anything and they cannot foreclose until they get it. If you have any questions about any of these strategies please feel free to call me.... more