Auction.com “Redemption period”

[Rahul Gupta]

Hi,

I have been looking at auction.com to purchase a few REO properties but am confused why the section "subject to redemption" says yes.

I though that in some states foreclosure sales have a redemption period but the banks typically wait out the redemption period before trying to sell those. Is this not true?

I have checked in multiple states and went through a lot of REO property listings and they all have a "yes" next to the subject to redemption section .

Is there any difference between the REO property on MLS and Auctions.com?

Thank you so much for taking the time to help with the answer.