next door recievership house taken off open market - why?

trux

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The house next door to me, (owned by a develop and rented for years) went on sale as a receivership property in September. It suddenly disappeared from the myhome etc this week so I rang the estate agent wondering if maybe it had been sold. Turns out it was in the process of going sale agreed but the agents were this week instructed by the bank to take the house off the market. The agent couldn't (or wouldn't)offer any explanation and sounded as miffed as I am now.

Has anyone any thoughts on why a bank would do this? My husband is wondering if perhaps its going to be put into a portfolio and sold that way - if this is the case are we looking at it becoming a rental property again?

Its a three bed semi-d in south Dublin and as it has been rented since it was built it needs a lot of renovation work. Not sure that makes any difference.
 
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