[quote=scaredycat]what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?[/quote]

I think most sellers would never consider an offer from you if you terminate and re-offer.

Here’s an option that often works. You are much better off using items from the inspection to ask for a discount or cash back in lieu of repairs. most inspectors find enough things wrong to justify at least a couple thousand dollars in repairs.