REOs and smaller local banks

[Steve Chenoweth]

Is it normal for a smaller local bank/institution to be more willing than a larger bank to show their REO list to a possible buyer? This is what I've heard in the past. I guess I would like to hear any experiences that people have had with buying REOs from smaller banks. (eg, how long does it usually take, how much of a headache is it to deal with bank managers, etc)