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Here in Riverside County in Southern California the county next to Orange County CA , trying to put in offers on REO is getting a bit crazy. I mean 21 offers on an REO property is crazy. Especially areas like Corona/Eastvale. Buyers are driving the price . It's not safe to put in one offer. In this particular area, If you want to be successful at getting an offer accepted you better be ready to offer 20 to 50k over the banks listed price.
Is this going on anywhere else in the country?
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We are buying an reo and the bank is paying our down and out closing. We came in $1000.00 under the asking price. And yes this is in Riverside county.
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