Bidding on REO
Question on bidding on a REO, currently I'm looking at a government owned property. Now the bidding price they have listed is 60,000, can I put a bid at 61,000 or will be it shot down totally?
Is there a certain protocol when bidding on REOs because I've been reading the forums and articles on this site and everything I've read basically said that it's the same with any type of real estate. Thank You