That a situation where only the bank wins, via interest payments. 

Quote from @Sergio P Ramos: I am currently in a back and forth bidding situation.

Wood has a huge variability in strength--between pine varieties, the stress which can cause them to fail varies by more than 2x and you can see 20%+ increase in strength as it ages.Then I have stress concentrations which will yield and then redistribute the load in practice, but not according to the calculations I'm allowed to do. 

My opinion only 2 cases make sense for the seller 1) they have few options and this presents the best means to get out if a bad situation.  

Here is the situation:- I signed a commitment letter that has the incorrect brokerage logo.

It's important to ask yourself, and be honest with yourself, how you would handle managing tenant situations if you were to become a landlord.

However, this could also portend our own situation in a year's time if we take them. 

Learn to find properties, underwrite them, connect with lenders to see what your financial situation fits.

@Dina Schmid  We has a situation where the seller of the property was an estate and listed the property as being 8 acres. 

There are rules and situations unique to each state and that is why you want to go with a local lender vice someone just reaching out to you telling you they can do it. 2) Better recourse if the lender screws something up: a local lender has more skin in the game so to speak as if they screw something up their name will be mud to local real estate agents in the deal.