You just need to put in a low offer to see if the bank is willing to play the game.

And that chris brings into play one of the downfalls of the "kids".

If you believe that, then a regression to the means is inevitable.In any event, I play it very conservatively, and only believe in appreciation that I can force.

John is correct, if they accept $10, then you just cut them a check and proceed accordingly.Now I come from the school of putting down a large chunk for earnest money to show that I am serious and not playing games.There are enough contingencies that can be written to protect your money, and if I want the deal, I want the deal.I know many people will disagree with me on this, but that is just my personal preference.

Build a brand around you.

If there is a strong short sale offer in play or in escrow, then you have a good chance of delaying the sale.

It seems that they are fed up with the reckless spending and massive deficits and they are going to play hardball.

How would this play out and how can i minimize risk to myself and the seller?

You do need to know that you will have to overcome it at some point and grow because networking plays a huge part in success but I think its all part of the process of growing as a person.

Being brand new I have no idea where to start.