One other thing to keep in mind is that people are very sloppy in entering info into the MLS. I personally looked into buying two REO properties. However, you’d never be able to tell they were REO properties based on the MLS information. (Note: there also tends to be a lot of errors in numbers enterred in the MLS – sold price, sq. foot, etc., whether its sloppiness or deceitfulness on the part of the person entering the data (i.e., the realtors) I do not know).
