What happens with Multiple offers on a REO Foreclosure

Multiple Offers. This is a common situation on Bank owned foreclosure properties. We are often seeing 8-10 offers on a home, keep in mind many buyers don't even put pen to paper when they find out they are in a multiple offer situation!  Often we are seeing the price being driven up past appraised value so make sure you are receiving sound advice from your buyers agent! Many banks will have a...