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Updated almost 5 years ago on . Most recent reply
![Dan Hawker's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1148421/1621509601-avatar-danh185.jpg?twic=v1/output=image/crop=720x720@0x133/cover=128x128&v=2)
sales not updated on auditors website
I have noticed that when a bank(for example) buys a property at a sheriffs auction it doesn't get recorded on the auditors side until it get resold to an investor or other buyer. Is this common?
Also why would a bank pay considerable more than the appraised value and higher than the ARV? Write off a bigger $ loss?
thanks