[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]

Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂

Not that I think there’s much of a difference … most sellers these days have no assets to sue over.