As an agent, I refuse to take on an investor who wants to buy a condo because I morally feel it is a bad investment.  

It has NOTHING to do with fair, nothing to do with moral.

@Charan K. and @Alexis Morales I'll send you a DM about have a virtual meetup.

What happened to the moral ways of my parents and what I expected from them. 

Plus, is it moral to buy it knowing the guy has a position and screw him out of his position? 

I'm not going to be popular with this comment, but I'd also say that off market dealings can be a very slippery slope morally, which is why it is illegal for the stock market.

So the moral of the story to me is the interest rates are going to really hose everyone if they spike too fast.

You are hopelessly confused between trying to buy the asset versus trying to buy equity at a discount.Banks and other secured lenders can do whatever is legal, within their charter and what they believe to be in their stockholders', servicing clients' managers' best interest.Lenders gave no moral or contractual obligation to protect the borrower's property.

Yet somehow that state is paying all their bills.I guess the moral of the story there is to move and/or invest in Indiana. :-)

But really, if I hadn't been learning about real estate, talking about real estate, and saving up to buy real estate, there wouldn't have been a deal.The moral of the story: Let people know that you're looking for a deal.