According to the California Association of Realtors , the #1 reason why buyer's decide against purchasing a Bank Foreclosure is the condition of the property.  Below is an REO that I showed to a client this morning, what do you think?

Who needs a lockbox when the doors have been removed and you can walk right in?

Good thing it was raining otherwise we may not have noticed that the ceiling and roof are in bad condition LOL!

Looks like the previous owners got some good use out of the fireplace!