Foreclosure Trulia
how do some foreclosure properties end up as auctions and others as bank-owned?
In my zip code, we have about 93 properties that are foreclosures according to Trulia. Most of them are listed as auctions, but some are listed as bank owned.
I don’t know anything and so I would think that the lending company would own all of the houses. Are the bank owned properties just not yet scheduled for auction? Or have they failed to be auctioned?
The auctions already happened with the bank owned, no one bid over the reserve.
Answering Trulia Voices on Foreclosure Move Outs
