It is exactly the OO buys that are squeezing prices upward and frustrating red-blooded capitalist real estate investors such as myself, intermingled with legitimate investor bid competition.Ultimately, and notwithstanding sentimental sway or insider bias, my fear (yet mercenarial pleasure as an opportunistic REI buyer) is that these FHA-supported purchases will again fail their debt service obligations in a couple years, swirling us back into another "correction" when this present swath of FHA loans collectively turn sour.You heard it here first (as far as I know) - ANOTHER market downturn, caused by (mostly) FHA mortgage failures, within the next couple years.I plan to "dollar-cost-average" my purchases, tempering volume in these present days of over-represented values and betting on another round of bust in the near future.Peace.

Can you be represented for a commission as well?

Making offers on REO deals with a buyers agent is not the strongest means to success, going direct to the list broker who has the listing and having them dual represent IS the more successful option in the REO game.For wholesaling, not only do you need to know what a good deal is and how to find it, lock it, & close it, you also need to have a buyers list and get a deal with a spread large enough for your wholesale buyer PLUS your profit margin.Here is a great thread on wholesaling you should read: http://www.biggerpockets.com/forums/93/topics/58383-the-truth-about-wholesaling-

One approach I successfully used was to find an attorney with a connection to the lending institution that now owns the property and engage his services to represent you in your direct offer.

Joe A do you know what the Bid represents?

This attorney should be representing YOU.

Nick J. read the article when you get a chance, but basically they were trying to foreclose on the 1st TD, and owned or represented an investor with an ownership interest on the 2nd TD.

If he's an attorney ask how he is representing his client, in what capacity and ask him if he thinks his fee is usual and customary and if not tell him to hit the road!

Hello John,That is possible but the director or any representative of this company must be in the US and sign this QCD at public notary office.

The property has been through an informal probate which in Utah means the Judge OK's the person named by Will or who the family agrees to be appointed the personal representative then the probate is published in the news paper.