Short Sales turned Foreclosure and then taken off the market

[Holly Gauper]

My husband and I found the perfect house and put an offer on it about a month ago. It's a short sale and we offered pretty much what they were asking for it and then started the waiting game.

I got a call a few days ago from my realtor saying that within the past couple days they had the sheriff's sale on it, the bank went into the house, saw that it was no longer occupied by the people anymore, declared it abandoned and it immediately went into foreclosure basically killing any chance of me buying the house.

My realtor says it might be a long time until they put it back on the market and who knows what will happen to it. What I'm curious about is the fact that I was offering what they wanted. I suspect the bank went into the house, saw it was super nice and worth more, gave it some reason to be pulled into foreclosure so they could get more money from it. Does that ever happen?

I saw what the other people had left to pay on it on zillow and thats about 14,000 over what they were asking in the short sale. Would it not be possible for me to go to the bank and offer them that to get the house? It just seems like there has to be some way around things instead of just letting the house sit there for a year while the bank twiddles their thumbs.

This is my first time buying a house and I'm having a hard time just letting go of this place because it's literally perfect for us. There just seems like there has to be some way or loophole to making it work that we are not aware of.

Any help is greatly appreciated!