SD R,
I’m just relaying what I heard. I think part of it was him being territorial if you know what I mean. Some of the ones on the mls were up as short sales for a while but then as REO’s for a short time.
I think the real message I take from our conversation was that this was truly a marketing gimmick as I hypothesized a few weeks ago. From what I understand, the auction was very expensive for the lenders and their hope was that with all the exposure they could unload them for full retail and maybe even get lucky on some above retail.
