REO OPPORTUNITY... Check out this price!!!! Nice little home in Rancho El Mirage, 1300 + sq ft 3 bed 2 bath home. This IS an REO, not a short sale, it WILL sell quickly. Popular DR Horton Payson model, was previously listed at $205k. What an opportunity for your buyers. Please annotate on your offer that home is sold as-is, where-is and that no SPDS or CLUE reports are available. Seller will choose title company and will have addendums for buyer to sign. LSR and or proof of funds required!.