An interesting but simple answer. Many homes that are REO these days have a sign put out front and quasi-marketted before the lender has priced it. I know that sounds odd but it is pretty much the norm. For instance, the Carmel Valley home on Mesa Norte had a sign in front and was actually available for showings PRIOR to being put on the MLS because the price had not been set yet. This drums up interest for the home. In fact if you call Marlena (the realtor who posted the craigslist ad) you can ask her to see what she says. If there is a price already set I believe you will see the home on the MLS shortly. You actually need to send in a waiver to SDAR if you take a listing but do not market it on the MLS. Anyways this is more of the norm with REOs.
