? REO MLS Listings

[Amanda Herr]

Just curious from other States with their MLS. I know that in realtytrac or preforeclosure.com and etc. has these homes reported REO, let's say a year ago. The listing agent listed the property thru their little MLS system and it'll said on their mls system "added on August 18, 2009." I know that these agents keep taking it off and re listed so when home buyers look at it, they won't know how long it was listed. They'll probably think it's a brand new listing all over again.

My questions are:

1. Does that happen in your state where the agent refreshes the listings every 30-90 days?
2. As investor when you're making an offer, do you look base on when the REO date was entered or recorded?
3. I'm confuse because those website such as realtytrac or realquest, they said it's this bank but when I looked in my tax assesor, it's said it's a different lender or bank.
4. Last of all, how come some property would say REO, but there are still people living? I know MN gives homeowner a 6 mo. period redemption.

I don't want to drive by and have people thinking I'm stalking.

Would like to hear from all of you!!!!

[Stephani Davis]

Amanda,

If it says "Corporate Owned" in the listing, that usually means it's an REO.

I never try and guess what the seller is going to do- I just make my offer and if they don't take it- move on to the next one..

Steph