I am no expert but an REO is not considered part of actual inventory until it is actively for sale on the market. Also this is just my humble opinion. I have seen varying degrees of time it takes for an REO to get onto the market, from a few weeks to a few months. I have also seen many a NOT have the trustee sale delayed for many times. My listing in Lakeside was supposed to go to trustee sale back in like November of 07 and we had offers on it and kept getting the NOT pushed out… We finally closed escrow 3 days ago so we had PLENTY of stays of execution while Wilshire Credit Corp processed the short sale.
