Hi, this is my first post, have searched briefly for a similar question but haven't found...

I know of someone who went to view a house that was at a bargain price (2 days ago), £30k ish below what the standard sale would be for a house in that area. The house was fine, but they were told that the house was being repossessed and there was already an offer on the table, pretty much stopping any one else's chances. However the house is still listed as for sale on their website, in the estate agents shop and also there is no sold sign on the for sale board.

Regarding repossession I was informed that they have to sell the house for the maximum price that they can get for the house. The profit, after the mortgage would then go back to the people who previously owned the house. Now this £30k deficit starts to look suspicious and we cant find any more information out about who made this offer and how quickly it was made from the time of the house going onto the market.

From what I can see someone with connections within the estate agent or repossession company has been able to make what is likely to be a very healthy profit from this house in the next six months. I really don't want to just ignore this and let tit lie, when it is probably happening more frequently than people may be noticing.

I apologise if this is a repost to something similar, but if someone could tell me the next step to take, or redirect me to a similar situation I would be very grateful. There must be some way to either make a legitimate offer, or to at least investigate the circumstances in which the original offer was made. Any suggestions?

Yeah, i can see why it seems suspicious to you. But it could have all been pretty legit. Some, lets say, property developer could be a regular customre of this estate agent and asked to be informed of any houses coming up for sale at certain price. thats my view anyway and it'll be interesting to know what others think or came across before.