Welcome to BP Naftal, there is a lot to learn on this site with blogs, podcasts, articles and these forums, read and listen. good luck with your future Business.

Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community.

It is up to a bankruptcy trustee and judge to accept an offer.Here's an article I found: http://www.findwell.com/blog/buying-a-home/buying-...As far as seller receiving money from sell price higher than payoff -- my opinion is if the house is foreclosed upon, and the property has little value other than land component (highest and best use a house tear-down), there is no guarantee the bank will sell the property for the full value of his payoff, especially considering the bank could sell to an investor at a discount, such as you were offering.  

Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community.

Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community.

You will find resources here from blogs to pod casts and forums.

I have been a member for the past few months, spending a good amount of time reading the blogs and forum posts, as well as listening to the podcasts.

It is an article from 2014 but it is an interesting look into the mind of a billionaire.http://www.dailyfinance.com/2014/03/24/warren-buffett-real-estate-investing-secrets/

You will find resources here from blogs to pod casts and forums.

Here is where I come in possibly...I became hungry to learn about REI and for about 6 months I have been reading books, blogs, posts, listening to podcasts, asking questions, etc... and loving every minute of it...