There is no good way to check that since most offers are confidential between Buyer and Seller. The only ones really privy to that are the Sellers and their Agent. I would suggest you have your Real Estate Agent contact the Banks Agent to discuss your concerns and see what information they can get.... more
I don't know about the market in your area but in my area if you find a house that you really want it is usually best to make your first offer as strong as you can because if the home is priced right someone else may offer full asking price or even more than asking price. If you are going to be using a loan for the purchase make sure that the home will appraise at or above your offer because your lender most likely won't give you a 400,000 loan to buy a 300,000 house.... more
Arley, yes, it sounds right.
That is the pattern nowadays with REOs. I have seen up to 80 offers in one property and the banks can take up to 1 whole months to go through them and finally decide who the winning offer is. A lot of times, they sell for way over the asking price.
On your situation, call the listing agent, google the address, or go to Realtor.com or call me, i will set you up with Listingbook so you too can have instant information like I, as a realtor, have.