Recently Sold to REO, now what?

[Sam Harper]

I've had my eye on a vacant property for some time and it recently went to auction and sold. I made a couple phone calls and learned how much it sold for and who bought it. It was sold to "ABC REO"(not real name). I can't find much info on the purchasing entity other than it's a publicly traded corporation conducting business in real estate investment. Am I S.O.L or is this par for the course for foreclosures sold at auction. I'm assuming this buyer is just going mark the price up and sell it "as is" for a quick profit.