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Originally Posted by PorscheGAL
Most are listed with a realtor for a few months. If they are not purchased during that time then there is an auction.
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Just the opposite.
If nobody bids/wins at the trustee auction, the property reverts back to the bank, and they will list it with one of their REO listing agents.
Quote:
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Find a realtor. They can look on the MLS for bank owned homes
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Yep.
I'd seek out a buyer's agent with plenty of REO experience. You definitely want someone with
your interests in mind, and one who knows how most banks opperate.