And why would they want to prevent investors from bidding?

I had understood that Senate Bill 94 was enacted, but from reading what other investors said on here it wasn't preventing them from doing them.

This was all done to prevent the collapse after a real-estate bubble burst in the late 1980s.

Because this is a short sale, the bank is going to try to prevent that.

Besides, they prevent some yahoo from moving in and installing a chain-link fence around his front yard or painting his trim purple.

:D I have a real estate website www.basildonrooms.com and what I do to increase my sales conversion rate is implement a live chat system with live chat operators working as appointment-setters from www.live247support.com I just wait for text alerts to my cellphone everytime a live chat operator arranges a viewing on my properties.

That's just the current lending environment, and maybe it will change ... but that could be for better or worse.So when you make that extra principle payment on a loan, and then you wish you had those extra funds as cash-in-hand, don't be suprised that there might be lender qualifying that prevents you from getting at that extra money that is now equity in a property.There was another thread that discussed paying off existing properties or buying more, and where I agreed with another poster who said to do both. http://www.biggerpockets.com/forums/12/topics/34337-pay-off-properties-vs-purchase-more-propertiesI still think you should do both - you just have to plan how much and how fast to pay off when you are in a buyer's market.

Making 2 or 3 offers to a seller is a GREAT strategy, and we actually implement this about 90% of the time in our own business...

A) it prevents issues again favoritism and therefore violations of favoritism. 

I guess I'm asking this question as far as implementing an investment strategy.