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

来源: miat42 于 2008-10-14 07:54:37 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (187 bytes)
本帖于 2008-10-14 17:38:20 时间, 由普通用户 BayFamily 编辑

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.

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