a house has a contract but bank will not let it close-still sending to foreclosure...WHY?My client has a contract on a house and it is scheduled to close (oct. 25th) before the foreclosure date (nov. 8th) but the bank will not accept the contact. They are going to have the house auctioned off instead (and the property may sell for less than the contract price). Why would they do this? Thanks.October 13 2010 - Nashville00YesReport 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.