Active - No Showings on Trend, what does it really mean?

[Daniel Kent]

Happy labor day weekend everyone!  

There is a single family rental property that is Real Estate Owned that I have been interested in.  I went through the property once and was scheduled to go through the property for a second time with a contractor to get a Scope of Work and Repair estimate.  

My RE Agent noticed that the listing was changed from "Active" to "Active - No Showings" on TREND.  It also stated that it will be back active on Sept. 10 (about a week from now).

She  emailed the listing agent who replied and said that all scheduled showings are cancelled because "the bank accepted an offer and contracts were drawn up."

I am skeptical, because why not keep the listing as "Active" until attorney review and change the status to "Pending"?

What I am wondering is since it is a Bank Owned Property, if the bank wants to come in, do another analysis/appraisal and possibly a price change?

Does anyone have experience with anything like this on Bank Owned Properties?

Thanks for any info!