Property Resource
A list of options that describe the type of sale (e.g., Standard, REO, Short Sale, Probate, Auction, NOD) at the time of listing.6/17/2021| Standard Value | Definition | Usage |
|---|---|---|
| Auction | The listing is an auction. | 42% |
| Bankruptcy Property | The listed property is currently involved in a bankruptcy. | 7% |
| Conservatorship | Conservatorship is a legal concept in the United States. A guardian or a protector is appointed by a judge to manage the financial affairs and/or... | 4% |
| HUD Owned | The listed property is owned and being sold by the U.S. 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 owned by a bank/lender. | 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% |
| Trust | A three-party fiduciary relationship in which the first party, the trustor or settlor, transfers a property upon the second party for the benefit of... | 10% |