Property Resource
A list of options that describe the type of sale. i.e. Standard, REO, Short Sale, Probate, Auction, NOD, etc., at the time of listing.12/5/2018| Standard Value | Definition | Usage |
|---|---|---|
| Auction | The listing is an auction. | 42% |
| Bankruptcy Property | The listed property is currently involved in a bankruptcy. | 7% |
| HUD Owned | The listed property is owned, and being sold, by the US Department of Housing and Urban Development. | 15% |
| In Foreclosure | The listed property is currently in the process of foreclosure. | 30% |
| Notice Of Default | There is a notice of default on the listed property. | 8% |
| Probate Listing | The listed property is a probate sale. | 14% |
| Real Estate Owned | The listed property is currently bank/lender owned. | 35% |
| Short Sale | The listing is a short sale (short pay) and may require bank approval. | 44% |
| Standard | The listing has none of the other conditions in the Special Listing Conditions field. | 23% |
| Third Party Approval | A court or other third party approval is required for the sale to finalize. | 12% |