Donald I don’t know man… The REO pricing is beyond my comprehension…I would figure that the banks would price them aggressively but they never seem to do that… go figure.. Also I would think the minute the trustee sale completes and the property goes to REO you would think the bank would want to get it back on the MLS immediately but it doesn’t seem to happen that quickly…
Some people have already suggested that the banks/lenders already have alot of housing stock that they have not released on the market for fear of flooding the market…Maybe true, maybe not…
