Trustee Sale Estimated Bid vs. Future Asking

[socal78]

Has anybody here ever noticed any correlation between what the lien holder will set as a minimum bid amount at auction versus their future asking price as an REO? I want to know if it is an indication of the minimum amount the bank would find acceptable on the open market (or even as a short sale, for that matter.) I've noticed a couple in the past that I've watched which had much lower REO asking price that more closely matched comps than the minimum bid amount at auction, but I haven't seen enough to know what generally happens. I'm guessing someone here will have a better clue.

 

[irvinehomeowner]

Sadly... I think the auction master has moved on to OCRerer pastures.

I think there is a wide variance based on type of property, location and bank. Auctions are probably the cleanest, cheapest way for the banks, especially if they can get close to the loan amount.

REOs are probably where the loan amount is between an auction bid and market price and they want to recoup.

I'm trying to understand your question but are you saying that you have seen REOs that have a listing price lower than what they had as a minimum bid at foreclosure auction?