The program looks at location, property value, amount owing, interest rate, taxes, insurance, rents, condition, etc and several exit strategies.When we make an offer to buy, we can offer cash, subject to, wrap, seller financing, lease option, seller carryback and so on.Obviously if we wholesale the property, there is no carrying management needed, and if use a lease option to sell, the optionee is responsible for maintenance and repairs.

They decided to sell and wanted $50,000 more than comparable units.

I just contacted a RE agent whose information was on a foreclosed property that I've been trying to purchase for over a year. He said that he did NOT have it listed yet because Fannie Mae (the owner) was remodeling it...

And yes, it does count against Fannie/Freddie if personally obligated. https://selling-guide.fanniemae.com/sel/b2-2-03/multiple-fin...

Trying to learn about what properties sold by banks are selling for (REOs).

Technically, what's happening is that the MIL is selling her residence and giving all of her children a portion of the proceeds, to do with as they will.

You sell the house for 190k. 

I asked why the seller would sell the house this way.

I had a tenant who was drugged up on prescription meds.

Just use Propstream's skip trace function and contact these owners simply asking if they would like to sell their property.