Question Details

wamu, Home Buyer in Bonita, CA

How come houses that are REO appeared sold and then back on the market? also how come houses are back on the

Asked by wamu, Bonita, CA Thu Aug 14, 2008

market at a higher price than the first list?
thanks !

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Answers

1
They may come back on the market because the deal fell through - perhaps someone could not get financing that they hoed for. They come back on the market at higher prices for a variety of reasons, but primarily because the listing agent or the selling entity believes (or hopes!) that the homes are competitive in that price range. Whether they are correct is another story entirely.
0 votes Thank Flag Link Thu Aug 14, 2008
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