Why does the REO Bank “seller” submit my purchase offer to MI (Mortgage Insurance) for review?

Question by Chris: Why does the REO Bank “seller” submit my purchase offer to MI (Mortgage Insurance) for review? We have made an offer on a REO single family home in California. The bank has now submitted the offer to MI (Mortgage Insurance) for review. Why would a REO property need to do this? . . . → Read More: Why does the REO Bank “seller” submit my purchase offer to MI (Mortgage Insurance) for review?