Why is obtaining an “REO” the “be-all” and “end-all” for you . . . or is it? Do you honestly believe REOs are a “good deal” in comparison to a “traditional sale” that has to compete with them in the marketplace?
To me, “competing” for one of these monstrosities (sans a Transfer Disclosure Statement) is akin to “standing in line” for the pleasure of paying too much or even “bidding against yourself” for a property that some deadbeat lost to foreclosure. Does this bode well for a property that has been properly maintained when the previous owner couldn’t even make their mortgage payments? As a qualified buyer, how is all of this YOUR problem??
