Comments on: Housing Sales 2008 Part Eight: South Euclid http://www.clevelandrealestatenews.com/housing-sales-2008-part-eight-south-euclid/2008/05/08 The Buzz on 21st Century Cleveland Thu, 09 Feb 2012 03:30:05 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Carole Cohen http://www.clevelandrealestatenews.com/housing-sales-2008-part-eight-south-euclid/2008/05/08/comment-page-1#comment-855 Carole Cohen Thu, 08 May 2008 15:00:21 +0000 http://www.clevelandrealestatenews.com/housing-sales-2008-part-eight-south-euclid/2008/05/08#comment-855 Hi Henry you are correct, the stats for the auction sales don't show up in my report in general and even when they sell they don't show up here, since most of the auctions are not listed on MLS/NORMLS. What does happen frequently is that the bank winds up owning the home after an auction is over and then it winds up (after 45 days or so) getting listed with a brokerage as a bank owned. So some of the bank owned homes listed now have technically been in limbo for quite some time. Hi Henry you are correct, the stats for the auction sales don’t show up in my report in general and even when they sell they don’t show up here, since most of the auctions are not listed on MLS/NORMLS. What does happen frequently is that the bank winds up owning the home after an auction is over and then it winds up (after 45 days or so) getting listed with a brokerage as a bank owned. So some of the bank owned homes listed now have technically been in limbo for quite some time.

]]> By: Henry Reardon http://www.clevelandrealestatenews.com/housing-sales-2008-part-eight-south-euclid/2008/05/08/comment-page-1#comment-854 Henry Reardon Thu, 08 May 2008 12:07:28 +0000 http://www.clevelandrealestatenews.com/housing-sales-2008-part-eight-south-euclid/2008/05/08#comment-854 Do you have numbers for the REO properties? Also - don't forget that SE has seen a flood of auctions lately. I know of at least five homes that will be auctioned off between the 9th and 15th of May that are in SE. I assume those homes don't get counted in the stats until the sales close, correct? Do you have numbers for the REO properties? Also – don’t forget that SE has seen a flood of auctions lately. I know of at least five homes that will be auctioned off between the 9th and 15th of May that are in SE. I assume those homes don’t get counted in the stats until the sales close, correct?

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