REOs w/ long DOMs--do you bother?
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?