It depends. While it’s true that the bank is typically anxious to sell the property quickly; the bank is also strongly motivated to get the highest price for it. When considering the value of REO property, look closely at comparable sales in the neighborhood and carefully calculate the time and cost of any needed repairs or remodeling to prepare the house for a move or resale. The bargains with money-making potential definitely exist, and many people do very well buying REO properties. iShortSale specializes in finding these deals for our clients.