When a poker player has good cards, sometimes they slow play the hand by not betting much in the hopes of attracting more players to stay in the game.  They hope the other players will put more money in than if they player with the good hand bet big early.  It is a way to make more money. 

The banks that are trying to sell there Real Estate Owned (REO) property are sometimes slow playing the offers they receive.  I have noted that sometimes they will sit on an offer for weeks on end.  I believe this is so they can hopefully attract more offers.

I think the banks would be better served by making counter offers and getting on with the deal.  Slow playing in real estate is a waste of everyone's time in my opinion. 

If you are an investor looking to buy REO's I  suggest you get a good realtor to help you.  They can identify all the listings out there and help you find the best ones.  Once you have your property, find a good property manager to help you fix up the property and to help you locate a tenant and collect the rent.  If you are in the greater Sacramento, Placer, El Dorado, or Yolo areas of northern California, come see me at www.HomePointe.com  .  We will not slow play your business.