Foreclosure in Denver>Question Details

Michelle, Home Buyer in Denver, CO

How long after the auction does it typically take the bank to list the REO property on MLS? 1 month? 3 months?

Asked by Michelle, Denver, CO Sun Aug 9, 2009

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3
Seems like this would be an easy question, doesn't it? Unfortunately it isn't.

The best answer is simply that "it depends.."

It depends on which bank it is; how much presence they have in the area; if they already have relationships with brokers or need to establish them; if they are a big bank or a small one; if the loan was government insured (FHA/VA, etc) or backed by Fannie Mae, etc, etc. You get the idea....

So - the most reasonable expectation should be something like 1 to 3 months after sale, but it can vary - a lot.

Please let me know if you'd like help looking into all this in more depth.
1 vote Thank Flag Link Mon Aug 10, 2009
it can take a few months. they will send out realtors or appraiser to value the home - they may do things to secure the now vacant property - putting new locks on or boards up - then they choose the realtor to give the listing to
0 votes Thank Flag Link Thu Dec 8, 2011
up to 6 months sometimes
Brian
0 votes Thank Flag Link Wed Mar 10, 2010
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