However what about homes where investors are just fishing for the big discount and the flip, the homes that have to be reversed staged to try to get a low ball offer accepted, processed and negotiated all so someone can get a hefty discount and flip it the same day?

The banks probably see laughable low ball offers 1000s of times a day, so I want to be in the ballpark, but not have them write me off completely.

They deadened the bats this year to cut down on the aluminum monster ball of previous years.

Or for wholesaling to a rental landlord, sell it lease option, with an exercise date 90 days in future, so basiclly a delayed closing.Keep it simple.

So, the lenders, banks, etc. realized what was happening, and got congress to pass some laws, and the "due on sale clause", which was seldomly exercised prior to interest rates "going hog wild" in the '80s.One can only imagine all the possibilities, smart investors & "end buyers & sellers" of real estate, and/or existing lower interest rate mortgages back in the '80s.Tons of money was made on the interest rate spreads.

I would like to get the ball rolling ASAP!

If such a person where my tenant, I would have animal experts testify to the space requirements and exercise requirements of large breed dogs (5 lbs of dog = 1 mile of exercise per day)

It should require a written notice of intent to exercise the option as well as an extension provision.

Hwwever, I don't think a realtor would be too interested in writing a bunch of low ball offers (and I don't blame him).

Until then, this auction exercise is just for entertainment.