pizzaman: I’m sure you know this already, but the banks and lenders are only releasing about 30% (maximally) of their REO portfolio, largely due to worries about negatively impacting pricing if they were to release everything.
This will undoubtedly change once further compliance pressures cause them to unload a larger percentage and for whatever they can get.
Also, more and more banks and lenders are going the route of Downey Savings and selling direct (i.e. no Realtor or selling agent). It will be interesting over the short- and mid-term to see what effect this has as well.
