Investors Having a Tough Time Securing REO's For Purchase in Sacramento

I have noted recently that there is a feeding frenzy going on with REO sales at the bottom end.  Anything less than $100,000.00 list prices are getting mulitple offers within days or even hours of the property being listed on MLS.

I have heard that a lot of REO's are coming, but the lack of them right now makes it difficult to acquire properties.  

This is a sure sign that we have hit bottom in that market.  It will hold true as long as there are renters to fill them.