@Ahmad Hijazi  prey is a little strong... but there is no question that CA investors are market makers all through out the mid west and turn key venues. with out them the real estate would not be worth even whats its worth today it would only sell for what a local investor is willing to risk on cash flow basissee my famous thread " 2% rule kills Values"  8 pages of thoughts from most of the top players on BP

I'm not talking cutting the lifestyle - I'm talking about going to the same resort as you on vacation and paying half what you paid.

Keep in mind that the auction process is just part of the legal requirements for the lender's collection activity of last resort - and that the auction process is somewhat designed so that the lender can "solve" some of the issues by following proper procedures (for example, IRS liens can be left with just a redemption period if proper notice is given to the USA that a foreclosure will happen and extinguish the IRS lien).

Personally, I would only use HML as a last resort and would prefer to sweeten the deal with the seller if possible...they MAY be easier to work with...and offer more favorable terms.  

Groundfloor.us and Fundthatflip.com are about the only players currently.  

I have 202 as well but have had yet to learn the rules as I can seldom find players for 101!  

. :)You can pay $6,997 to ask him at his "Power Players" seminar in Maui this November. http://www.thecorco.com/products/power-players-whistler-2016Both of my friends go to this event every year and swear by it.

That will be my last resort even though i never done this before.

David - all good advice above.Local networking is key in order to find out who the serious players are.  

@Ali Boone  Ha yes...well maybe, I hate to rain on all the ski bums parade but the El Ninos have one El problemo, that is they are warmer than normal winter storms and don't necessarily translate to more snow for the resorts.