I feel your frustration and....deal with clients that feel similar to you...every day. I can empathise with you but, the REO market is tough. It is not as simple as some will lead you to believe but there is also no real mystery to the process. . The great deals are tough to get and when there are multiple offers, someone is going to feel bad....and 1 lucky person is going to legally steal from the bank. (luck is when preparation meets opportunity) I hope that you can understand that you are not the first to be upset over possibly missing out on a deal. Just because yours has not been ratified, does not mean that it still wont. It does not mean that it will either. If you develop an excellent relationship with an agent familiar with the REO market....you could get lucky too. Stay in the game and play to win. There are some fantastic opportunities to be had. You are not the only one looking either! Patience and persistence coupled with an excellent relationship with an experienced agent will better your odds at success. Good luck in your search!