Reo property - refinanced by the bank

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Just curious if there are any regulations that wouldn't allow an reo to be turned into a seller financed deal by the same bank if you were to buy the property from them?

It wouldn't be "owner financed", they'd make you qualify for a regular loan just if you were buying from someone else, and you'd get a loan just like anyone else, for any other property.  The two transactions would not be related/linked at all.