REOs w/ long DOMs--do you bother?

[Vonetta Booker]

When you come across an REO that's been on the market longer than 60 days, do you even bother? When I see these, I'm not quite sure what to think; I figure if it were that good of a deal, someone would have snapped it up already--so I'm inclined to think that perhaps something's wrong w/ them.

If you have purchased a long-DOM REO, did it turn out to be a good deal? How much lower than the list price was your offer?

Or did you uncover a reason no one had snapped it up?

[Account Closed]

I buy Reo all the time doesn't matter to me if its on one day or 600 days. 

If the numbers work and if it is in a location I want to be in I buy. 

I have bought ten in the last 5 mths and rehab and sold all but the last three I just finished. 

The key word here is Resources, Not all investors are created equal.