given the risk involved in buying an REO, no warranties, disclosures etc. and factoring in at least a 20% depreciation to protect against the potential declines in the market, 10-15% for required fixes.. I would say that for a good deal I would consider an REO if it is AT LEAST 60% below comparable non-REO listings. If not, the bank can take it’s property and shove it. Not at all worth the hassel.
