Was this an REO?

[stepping_up_IHB]

653 Surf

I had assumed that the April 14th sale at $511K was the bank taking it back, but the people are still living in it and I haven't seen it come on the market. Can anyone tell if the 4/14 purchase was the REO or was it a real sale? If it was the bank taking it back, why are the people still living there two months later?

 

[stepping_up_IHB]

Had a realtor look it up and yes, the bank (Ace Financial?) took it back on April 14th, but they haven't evicted the people yet. This is just insane.