I’ve noticed over the past year and a half or so that in Spring Valley and Encanto there are bank owned properties with signs out front that are not listed on the MLS.
At one point last year it seemed like for every one on the MLS there was one not. I interpreted that to mean the banks were trying to reduce the apparent inventory, but I can’t see how that strategy would actually help any particular bank. The more I think about it, the more I am perplexed.
It would seem most advantageous to the banks to reach the widest market possible.
