I would bet they will.

In many or most cases the borrower is just a dumb, innocent person who did not know just how dumb they were being.Some knew they were betting the farm.

Investors eye growth at job networking siteAssociated Press June 18, 2008 SAN FRANCISCO — Four venture capital firms are betting Internet start-up LinkedIn Corp. is worth $1 billion, highlighting the lofty hopes riding on online services that connect people with their friends, family and business associates.The valuation is implied by a $53 million investment being announced Wednesday from Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners..... rest of the story at http://www.chicagotribune.com/business/chi-wed-linkedin-investment-ventjun18,0,3358919.story

You can waste a lot time on this or you can actually do real estate :)Banks are not going to talk to you unless your a HUGE player and even then you would be buying on QCD - the fact your asking this question tells us your not a huge player - and when I say HUGE player like your one of 10 people in the country who can do this.Auctions are your best bet or pre-foreclosures lists but your not really going to be chatting with the banks much.You can try to create a relationship (which means buying from them over and over) with a broker who handles them.

My best bet would be before making an offer etc to look up the properties and get a quick search of the headaches before right?

I would be willing to bet this!

That said, I bet there are incredible deals to be had potentially in the city neighborhoods and definitely in the more stable suburbs as well and given my family connections I believe it's an area we could potentially do well.

You bet.

When I arrived at the job on Monday, I see an open garage door and about 5 thousand dollars worth of tools just sitting there with the light on, ( i bet that looked wierd all night long in the culdesac for 3 solid nights.)

I would be willing to bet that you probably wont be able to sell any properties to those guys until you build a relationship with them.