BTW sitting on the internet is NOT going to get you anywhere.  12 years ago, it took me 1 day actually less to realize YES this is where I we need to buy.

They must realize listing agent would advise seller that if they're willing to entertain offers that much lower than list, we can just drop list price and start a bidding war. 

Plus, I realized the only way to learn is to take action.

Not to get off topic, so I'll say it this way, a HML needs to realize that there are two issues behind the regs, your competetion and consumer protection issues.

Kind of all over the place I’m now realizing as I’m typing it out.

@Craig Ancier I was hit by a car while cycling at 30 years old, had a wake up call, and realized how poorly I was handling my finances.

You realize you'd be paying $4000 per square foot, right?

I realize now we need to work on our credit, which we will do in the best responsible ways over the next few months. 

This is what we'd call a "subprime borrower", again harkening back to the days when lots of folks got burned when the market declined and they realized they were underwater on multiple properties, and ended up losing all of their properties to foreclosure. 

Here is what is bad: in most cases, when people realize their property has been sold in a tax lien sale they redeem (pay their property taxes) - so you may only earn that rate for a matter of a few months.