I make tons of offers on REO's each week and it seems that every REO listing that is priced to sell ends up in multiple offers and the price is bid up over list price - sometimes WAY over.

if not then why not just take a contract on the property and tell them that they have 24hrs to make their money hard after the short sale approval.I do this with the majority of my short sales.Since I sell most of my short sales without realtors, I will take mutiple bids on contract.

Even Fannie Mae (Home Path), new rules, give home buyers first chance to bid on their REO's.

In some cases they might be willing to come in at no cost and prepare a bid based on the work they suggest needs to be done.

They reject approved bids, take forever to close (if they even do) and charge high premiums.

And to take it a step further, wouldn't you dislike it if the DGA allowed 'hobbyist directors' to compete for employment by bidding down pay scales and benefits?

If you get three bids for most jobs, they will vary widely, with the cheapest being as little as a third of the highest.

Hello All,I am interested in bidding on tax sale properties.

You may also be able to get away with just connecting both the neutral and ground to the single bus inside the box.You could always call a few electricians and ask for bids.

This might be an option on the REO or foreclosures -- simple bid, 7 day building inspection contingency, closing whenever they want to!