Sabine certain REOs are selling with multiple offers right now and this will continue and not let off. The REOs I am seeing go out fast are priced aggressively and tend to have good upgrades and look to be in decent condition. If you want to find an REO that does not have multiples offers then you are looking at a serious fixer and it will be locationally challenged and the neighborhood may have some issues.
Example I have buyers in escrow now this current escrow and the two other REOs we wrote on, all had 5-6 competing offers. Good property is not sitting on the market.