Brittibob...You would have to define what "best" means to you. Lowest price? Maybe. Longest waiting time? Definitely! Some homes have taken 2 or more years in the recent past to make it from short sale window closed to on the market as a foreclosure. Things are speeding up now, but it can still take quite awhile. If it takes a long time and the market continues up, by the time it shows up on the MLS, the price may be up beyond where you might have gotten it in short sale or pre-foreclosure. So...without a crystal ball, we have no way of knowing what will be "best" for any particular house. Best of luck with whatever you do...Jim... more
Agree with Phil - bank owned property that is listed for sale on the MLS should be in position to be acted on promptly. A short sale is another matter, but that is the beginning of the process and "bank-owned" is the end of the process. The bank has taken it into inventory, hired an agent and listed it for sale. Assuming people are working and not on vacation, you should get a response to your offer and be able to move this along.
Unwavering Commitment to Service... more
Its a newer feature that means that information was updated by the listing agent & or information was polled through the Multiple Listing Service to update the information on there. I hope that makes sense! :)... more