What is the difference between realestate auction "resale" properties and regular realestate up for auction?

Posted by admin on February 8th, 2010 and filed under realestate | 1 Comment »

I’m considering placing a bid for a property in my subdivision that has recently gone up for auction. The auctioneer website lists this property as a "Resale". I’m trying to figure out what this means.

Either they’ve tried to sell it before at auction or it’s an REO property. The only way to know for sure is to ask the company. Does it really matter?

Todd
http://www.truthinforeclosure.com

One Response

  1. Todd Says:

    Either they’ve tried to sell it before at auction or it’s an REO property. The only way to know for sure is to ask the company. Does it really matter?

    Todd
    http://www.truthinforeclosure.com
    References :

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.