If all REOs are released together they will be absorbed in about 5 weeks. In other words, the REO agents longing for more supply as the demand is strong.
As of March 2012, most of these properties have multiple offers.... more
You may want to check if the county has 'red tagged' any portion of the property. Code violations are not limited to the structure - there can be grading violations or septic systems or wells or a host of other items, some of which can be quite challenging. Sometimes the county will work with a new owner when they wouldn't with the previous owner because the relationship was poisoned along the way - dealing with the county sometimes takes an expert (i.e. engineer). - normally a call to the county with the APN will define the issue, if any (ask open ended questions) for any particular property... more