I have OREO lists from my banker occasionally and there have been some interesting deals on them, but I've never bought that way.I'm slow and deliberate and my growth shows it, lol (7 SFH purchases over 3 1/2 years).

JP Morgan, BOA, Wells and the likes are not just one of the big guys, they are your competitor while you don't even register on their screen.  

In our case we are buying from JP Morgan Chase who took over the house when the previous owner(s) lost it. 

@Alexa Michna The paperwork on the building says JP MORGAN and CHASE of columbus Ohio. but that paper says notice i case of emergency Property preservation  section, etc.

However many experienced investor deliberately delegate majority of the acquisitions duties to their mentee; which is understood because that value of creating opportunities are extremely important in a young investor career.

They settled any claim they had when they signed the closing contracts *unless* they can prove that you deliberately misrepresented something in the house - and even then they have a long hill to climb.

Someone licensed in both do you mean someone big like JP Morgan Chase? 

It isn't that sellers and brokers will deliberately lie; people have different versions of the truth depending on their perspective.

@Hani Alomar When I started buying 2 years ago all of my coworkers at JPMorgan told me that I was dumb and should wait for a correction.

They deliberately chose not to pay rent and sound like they are using the whole baby thing as an excuse to avoid basis necessities.