Home Buying in Akron>Question Details

Cindy, Home Buyer in Cuyahoga Falls, OH

what is a resale????

Asked by Cindy, Cuyahoga Falls, OH Fri Jun 13, 2008

is it where the home is foreclosed and it goes up for sheriff sale and nobody buys it so the bank gets it back and then they are selling it now???

Help the community by answering this question:


A bank owned home is termed REO, for Real Estate Owned. A resale is simply somoeone owned it before - the alternative is a new construction home, only owned by the builder.
0 votes Thank Flag Link Fri Jun 13, 2008
The term "Resale" is a general term for any property that was previously owned.
If you have an interest in finding out more opportunities in buying real estate, check my website. http://www.CallRealtorJohn.com
If I can be of any help, please call me.
0 votes Thank Flag Link Fri Jun 13, 2008
A resale just means someone else owned it. It could be anyone.
The alternative is new construction.
0 votes Thank Flag Link Fri Jun 13, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Home > Ohio > Summit County > Akron > Home Buying in Akron > Question
Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer