Make sense of this-house on craiglist

[Chris Eidson]

So I see a house on CL and research tax assessor records to see owner history and to try to find out how much the owner may have in the property to prepare for negotiation. House is listed at 100K and needs plenty of work just from the photos. An LLC is the listed owner and just bought it 2 weeks ago with a warranty deed with lien showing a 118k lien with a lender. So what's up? Why would someone purchase a home by taking out a 118k loan and then list it for sale at 100k only a few weeks later?