Banks using home path to sell homes over maket value?

[Account Closed]

I tried to buy a home  for 109K  and was informed I had to wait two weeks because I am an investor so I did and now they tell me someone is going through the home path loan for 150K! This property looks to be worth a max of 100K. Is this the banks new trick to take advantage of people? Who in their right mind would pay 1/3 more than a home is worth? Up to date tax records indicate the value is 98K.