Is REO dead?

Certainly looks like it as more and more Asset Managers are sending me Tapes/Lists of Pre-Foreclosures that they want to get off their books between now and the end of the year.  (DS News wrote about this on their REO section.  I'll post the link at the bottom if you want to read)

Example:  Sifting through a Tape of 371 Properties right now...from almost every State in the Union.  Fair Market Value (FMV) of $26MM and we can probably take this down for 40-55 cents on the dollar.

So it appears banks and gov't willing to take 50% of FMV RIGHT NOW vs. 80-85% of FMV early next year when it finally closes.

Is anybody else who buys or invests in Non-Performing 1st Mortgages seeing this???

I've always had great access to Tapes of Pre-Foreclosures due to my contacts with the banks and hedge funds and years on Wall Street.  But this seems to be picking up.  

Again, anyone else seeing this?

Thanks,

Tim

P.S.  Here is the link to the DS News article on falling numbers of REOs.  Good read:  DS News echos this sentiment:  https://dsnews.com/news/08-18-2015/drop-in-reo-sales-is-driving-continued-decline-in-cash-sales-share