Fsbo Foreclosures
Can someone define these terms to a student researching foreclosures?
I compiled a list of foreclosures off realtytrac.com and I am doing a demographic study of the affected zip code. The web site differentiates between the following terms:
Pre-foreclosure; Auction; Bank-owned; FSBO; Resale
Any knowledge at what determines the housing status would be greatly appreciated, it doesnt have to be too detailed, I just want to be able to filter what I need.
Pre-foreclosure – this means the bank has given the owners a chance to become current on an overdue mortgage.
Auction: home is foreclosed and going to public auction.
Bank-owned: the bank has foreclosed and taken back legal ownership of the property.
FSBO: For Sale By Owner
Resale: Being sold after prior ownership.
For Sale By Owner|Foreclosures | Price Reduced | Mini Farm | Road Frontage
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