Underhanded indeed.Another example of there being too many attorneys in the US.Maybe every loan that goes under a forensic loan audit should have the borrowers' audited as to their income documentation, assets etc.

I was thinking to try and get the asset manager and make an offer to sell me property with current liens for 20k, so I can fix it for 5-10k, and pay penalty another 5-10k, so the worst scenario of expenses would be 10k(fixing)+10k(penalty)+20k(purchase)=40k, what is cheaper deal for me, and might work for bank since they are unable to fix it within 3 months.

I like analog over digital better.

You simply have to follow the procedures as set forth by the lender (seller).Yes, you will need to know what to accurately offer.

It is very safe as the assets are purchased at commodity pricing, but it takes lots of money to play.

In 2007 I started to sell residential REO property for an asset manger.

"We are moving quickly and decisively to stop the scheme and protect the remaining assets for investors."

A real estate crash typically takes months or years giving you time to think, strategize and react.It's true that the stock market historically has more volatility but as many have learned when the real estate market crashes some times you can't get out in time.What is fundamentally true with any asset market is those who try to time them get burned.

Look for great deals and offer them up to investors that have the credit, the documented income and assets to hold on to the property for awhile.

I have found no motivation for letting an REO agent double end deals, as it is really the asset manager of the property making the decision, not the REO agent.