Banks taking REOs back off the market???

[Account Closed]

http://www.msnbc.msn.com/id/39467220/ns/business-real_estate/

anyone hear about this?? i hadn't until today. i put an offer on a REO and the agent took it off the market shortly after. when i asked why, this article was emailed to me as a response.

[Steve Babiak]

My opinion:
Be friendly with listing agents. They can give you the lockbox combo so you can get in and perform your due diligence. You can even have your offer all written up and in their hands to await the re-listing go ahead. Be ready to beat everybody else to the punch, and you've improved your chances of bagging one.