The success rate for bidding on REO is about 1:10

来源: 于 2008-10-14 07:54:37 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

Basically you need to bid more and hope to get a few. If you just bid for one, the chance of winning is small. I am talking about very low priced REO houses, like in the sub-100K range.