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Updated about 9 years ago on . Most recent reply

Seye Omisore's profile image
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Seye Omisore
  • from Providence, Rhode Island
  • Member since Jan 21, 2016
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Seye Omisore
  • from Providence, Rhode Island
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Seye Omisore
  • Providence, RI
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Buying & Selling Real Estate

Why would a property go to auction after being listed on MLS?

Seye Omisore
  • Providence, RI
Posted
Property is REO. Typical process of REO is foreclosure>>auction>>MLS. No? Just looking at what would motivate a bank to go to auction after a property is already listed on MLS.
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Jeff Greenberg
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  • from Camarillo, CA
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Jeff Greenberg
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  • from Camarillo, CA
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
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Jeff Greenberg
  • Real Estate Consultant
  • Camarillo, CA
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Auctions are another option if they can't get enough interest or price.  In a frenzy some people will pay more than they should have.  They also get additional exposure.

  • Jeff Greenberg
  • Podcast Guest on Show #115
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