The above statement is not completely true.Your agent can prepare an agreement for you to purchase with your transactional funding POF letter (if you win a bid).  

I need to build my credit history starting with secured credit cards, work up to unsecured cards over the next few months before trying to qualify for mortgages with US banks later this year.  

Win-win in that case. 

Most of the bids we win aren't because of first mover advantages we have developed.

I figured this would be a good opp for a low bid win.

@Rachel Pivonka I agree with the last statement of @Bryan Wesley, we sometimes quote higher if we are really busy in case we need to hire other short term workers or contract it out to another company if we win the bid.Good luck.

@Kenneth Hayes  undoutably 250k with no collateral is simply massive credit card debt. tread carefully on htat one

Either they really need it and will not give back down payments because they can't afford to, or they realize they've found a sucker and can't wait to cash in on your ignorance.I'd say chalk it up to a win, as you learned more about doing proper due diligence before signing the dotted line, and overall this lesson was extremely cheap compared to the price that others have paid when breaking into real estate.Best of luck in the future!

But almost most of everyone is willing to take my card, but they refuse to give me their contact info and they state they will call if they need to talk.Probate - Haven’t hit more than one or two, but noticed they’re already listed/sold.

Too big of a project for me, maybe later down the road I can tackle something like this but it wasn't in the cards.