The problem, which is good for them, is that they always have multiple bids.

If I understand correctly the capital gains tax rates have changed for 2017 such that under about $75K income there is 0% long term capital gains.

My concern is that the timing would need to be correct for me personally- I would need to be prepared to take on another rental and have the time to find the property, etc. 

I am looking to bid on a foreclosure (upset bid after sale) and I got a title search done that showed a Contract Memorandum between the owner and a Property company (assuming its for a sale) that was filed after the initial foreclosure sale at the court house. 

Some realtors will find you foreclosures, but they usually get bid up by the retail buyers looking for "deals".

If it's a newer build I stand corrected.

The problem I'm seeing is that those "REO refugees" are now bidding on NPLs as a back door to discounted ownership, driving up the pricing for NPL assets on the secondary market.

Is this correct? 

I have some I have had bad experiences with because they delayed closing, others I’ve had a bad experience with that they corrected and others I’ve had no issues with.

Marshall, You are correct.