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What is the difference between realestate auction "resale" properties and regular realestate up for auction?

I’m considering placing a bid for a property in my subdivision that has recently gone up for auction. The auctioneer website lists this property as a "Resale". I’m trying to figure out what this means.

Either they’ve tried to sell it before at auction or it’s an REO property. The only way to know for sure is to ask the company. Does it really matter?

Todd
http://www.truthinforeclosure.com

  1. Todd
    July 2nd, 2012 at 03:39 | #1

    Either they’ve tried to sell it before at auction or it’s an REO property. The only way to know for sure is to ask the company. Does it really matter?

    Todd
    http://www.truthinforeclosure.com
    References :

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