I typically start with a really lowball offer just to see how desperately the bank wants to get rid of the house.

Best case it is one of those situations where they have reached a point of frustration and desperation and accept.

I DESPERATELY need help finding a title company that can perform a double close.

Mr Agent, when you have a desperate seller, let me know.

Evidently the tenant was either friends with someone in the rental office and had arranged that they would give a glowing reference, or it was just another case as outlined above: the corporate landlord desperate to palm off a bad tenant.

Only if desperate, and yes that does happen but current market decline affects all property in the area where significant declines are happening no matter what the so called % below market is being promoted.

I was attempting to explain my opinion that wholesaling REO properties for someone new or even seasoned is much more difficult than working with homeowners who are desperate and my experience was called into play.If we can get back on track with the topic, it is, how can you wholesale REO properties and avoid placing EMD funds.

I was pretty desperate for my first deal, and didnt realize the extent of my sellers motivation.

You have to find some problem which makes the buyer sell way below market, whether that be ignorance, desperation, time constraints, etc.

If someone truly is DESPERATE and they have 2 yellow letters what are they going to do if you don't answer?