October 27, 2008
From the mail: What does BOM mean?
An Estately power-user asks “what the heck does BOM mean?” Is it a Bank Owned Mansion? Bom Chicka Wah Wah? It actually has nothing to do with “Bank Owned.” In the cut-off, use-every-available-letter-in-the-description-allowed world of real estate listings, BOM is shorthand for “Back On Market.” It means someone was trying to sell their home, got an offer on it and...