Updated over 9 years ago on . Most recent reply
Why would a property go to auction after being listed on MLS?
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.
Most Popular Reply
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.