Confusion about foreclosed properties VS REO properties!
There are some websites that list properties for sale as Foreclosure.
Meanwhile I read that:
Foreclosures are NOT sold by Realtors. Foreclosure properties are auctioned at a Trustee Sale at the Court House in the County where the property resides. Foreclosure properties must be paid for in full, with a cashiers check at the time of the auction
Aren’t they supposed to be auctioned off at a court house and not in a website?
Or are they actually REO properties that are mistakenly listed as foreclosure?
Here is an example:
http://www.ziprealty.com/property/406-MCKELVEY-AVE-BAKERSFIELD-CA-93308/4914299/detail