"withdrawn" or "temporarily off market"

[Bienes Raices]

What do these mean for an REO? I'm assuming that the bank does this to make some repairs to the house. Is that right?

[Michael Bishop]

I realize that everyone is trying to answer as completly as possible, but here's the simple point of it.

Withdrawn is supposed to mean just that, the listing has been withdrawn and is no longer for sale, and presumably will not be re-listed anytime soon - or for the forseeable future.

Temporarily off the market is usually used when the seller realizes a reason to put a hold on the listing. This is normally because of the discovery of a physical defect but can also be a paperwork defect, such as Title issues. These are things expected to remedied in the not too distant future and so the listing can be re-activated at that time.