Could someone explain HUD properties odd price history?I have noticed several properties in my area that are HUD cases. The price histories go something as follows:Date Description Price Change $/sqft Source 10/08/2013 Listed for sale $58,000 -- $33 RE/MAX Heritage 08/21/2013 Listing removed $58,000 -- $33 RE/MAX Heritage 07/29/2013 Listed for sale $58,000 -54.8% $33 RE/MAX Heritage 06/25/2013 Sold $128,400 -22.8% $73 Public Record 05/29/2013 Sold: Foreclosed to lender $166,395So, why are these properties now so cheap? Why are they shown as sold and then re-listed around a month later for about half "value?"Thank youOctober 11 2013 - Town of Sheboygan00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.