Home Buying From Bank Repossessed Homes http://www.foreclosurelistingsblog.com/reposses... Bank Repossessed Homes: If the property is not sold on the date of the public auction, where no bidder comes forward to tender more than the opening bid, then the Banks have to inevitably take possession of the said property. These properties then become the Bank Repossessed Homes. Banks seek the help of realtors in the locality to get appropriate leads offering to buy these Bank Repossessed Homes. The realtors and agents file the listings on websites like MLS and separate foreclosure listings.
