So what happens to foreclosures that don't sell?
So a house goes from no approved short sale, to foreclosure. The bank now owns it. Banks usually put these on the MLS yes? What happens to them if they don't sell? I'm most interested in houses that didn't sell because they are in poor repair but no one is going to want to sell the property for that low a price.
And where do sherrif auctions fit in? I know that banks often buy the house......because they own the loan....but I'm not sure why or when a house ends up at a sherrif's auction when they would have gotten it when it went into foreclosure?
Probably something about sold loans but not sure.