Hi everyone. I am a paying member at realtytrac.com, and today I went our and viewed a few houses in the REO section. One of them lists for $41,000 and the neighborhood + condition of this house would easily put it in the $150,000 range. So I have to ask, is the price listed for REO's on realty trac the price the bank is seeking to sell for?

Thanks.

EDIT: oh yea, and one more thing. Will banks usually help finance REO's?