REO’s are bank owned properties. They can be a great, fiscally, if you know what you’re doing. The time an REO is active is usually very short and the listing price is usually way under market value. My strategy with REO’s i to present the highest and best offer, the first time. Hmmmm. What is the highest and best offer? A real estate professional (such as myself) could provide you with their opinion of market value, based on a comparative market analysis. With a little paint, you could a bank owned property your home for a bargain. Message me for more information on REO’s.