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You may want to check on the status of your offer. If the offer was made as a short sale to the homeowner, then it was foreclosed and taken back by the bank, your offer is no longer valid. You would have to submit a new offer to the bank as the new owner. As Palmcoasting indicated, it make take a few weeks before they list it for sale as an REO property.
It does not matter what the bank took it back for, it was likely written off for the value of the outstanding mortgage balance. They will list it for sale at what should be close to market value if they do a good job with their market analysis.
It's also likely that the homeowner's agent you've been dealing with will not be the same agent for the bank listing.
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