We are desperate though and are looking for a way to eliminate the mortgage payment along with the other expenses of heating/cooling and maintaining the house while it is listed.Do you have any ideas on how to get out of a property like this?

I think you would have a better chance of purchasing below market if you concentrated on regular sellers since there is some desperation or emotion involved.

Are you coming across these in ads from desperate sellers?

It was with a LIS PENDENS how it is here right now you can just look in the paper and find people desperately selling their houses at wholesale value.

Michel,[Disclosure: I feel that many guru programs and services can be offered at much lower costs and experts are preying on naive "students" who are desperate for success]I have to be consistent in pointing out a counterintuitive aspect of your proposal.

They seem pretty desperate to sell quick and have sent out a few emails to the interested buyers list lowering the price.

These people will refer people to you when they are really DESPERATE to sell.As for the property you described, I would go knock on the door!!!

I often am called by desperate sellers that have a property that I'm just not interested in, for one of the above reasons.

I need advise desperately.

I guess they have to be pretty desperate?