I am wondering , just because they do if that necessarily makes it legal. I believe its illegal to price something low with the intent of causing a bidding war or in an attempt to manipulate the market. In my scenario I came in meeting their requirements 100%. Once they decide to advertise, in this case via mls, is it still considered a private sell? Consumers have rights regarding this very scenario in any other area, why do they not carry over into real estate, or have they just not be challenged yet? If we have seen anything lately its that banks aren't above illegal dealings in an effort to manipulate their market.