Bought a REO for 67K in early January from Bank of America. It was a 3/2/2 split level in a great location.
We removed the overgrown landscaping and mulched the beds. Gutted one bath, ceramic around new tub, vanity, etc. Other bath kept shower but new everything else.
Kitchen removed partial wall for more open layout. Updated wiring in house, carpet, new hardwood main floor, refinished existing hardwood upstairs. Drywall repair, paint, doors, etc.
Listed house in early March with my realtor for $136,500. Had multiple offers on first day on market.
I was excited as all the other deals!! Accepted offer of $133K and we closed in 30 days.