Bank Owned REO homes - Still hard to find

The Fullerton real estate market is still very lightly sprinkled with REO opportunities. And even the North Orange County market is sparse. On a month to month comparison the inventory of REO homes in all of Orange County has remained flat. That is to say that for each REO that gets sold, only one more comes onto the market. Hardly the "glut" of foreclosures that some experts have predicted. In fact eager buyers have to "rush" to the new offerings/listings in order to get a chance to buy. Usually it is a bidding auction for the descent ones. Today we have lots of buyers looking for bargain REO homes and very little to choose from.