Why Is Bank Owned Hidden?

[beer234]

I've had an opportunity to view the MLS for a few months and i've noticed that most homes that are bank owned state this in the agents remarks but almost never in the public remarks. Similiarly on sites like edina realty the homes are presented as if they are not bank owned when they are. To me this seems a bit dishonest because bank owned homes take longer to receive responses on offers etc. I can understand hiding this to keep lowball offers away but a buyer with an agent will find this information out asap anyway so I don't see the point. Any insights on this?

[Greg]

Around here the banks is listed in the owners section. The owner's name is not on any of the IDX feeds or typical buyer printouts so I have no idea why they would do it that way.

I don't see where it would matter because the bank's name has to be on any offer so the buyer will find out.