They do pretty heavy marketing.

Leveraging Ed's local market expertise, we quickly assessed the property's potential.

Appraisals aren't guarantees of market value, so unless you can prove some kind of fraud here you're going to be out of luck.

A good investor friendly lender & agent will certainly help + groups like this and local REIA groups with opportunities to meet in person or on social media and network about off market opportunities too!

The strategic location in a thriving market and the opportunity for a fast, profitable flip made it an attractive investment opportunity.

Depending on Loss History, how long the lapses was, use of buildings, age of building and updates, etc. there may be a Standard Market. 

Austin market is out of my price range and looking at investing back in my home town (Single family/Multifamily).

As a result I can suffer severe rent decreases, and still not have to “feed the alligator”.4- I keep a heavy amount of money invested in Vanguard Money Market Fund.  

Hey Jerrell, The answer is yes, we have done it several times with our off-market leads.