Thank you both for responding.

IF you were to purchase a 'hot' list of prospects who had expressed their interest in selling by responding but passing on someone else's online lead gen offer, that might be a good value. 

I have all the information I need at the moment but thanks for taking the time to respond.

I have found that, depending on the state (as you already seem to know), the requirements and "seriousness" of enforcement varies.There are ways (as another respondent posted) to structure such transactions such that they legally circumvent the applicable legislation.  

Magan, I am in Florida but I will respond with my comment that may be helpful.

Over a week later I received an email stating that they would respond within 4 weeks.  

I respond as a former student, not a landlord, so take this with a grain of salt.

I find myself referring this article to almost everyone I respond to.

HelloHow long does it typically take banks to respond to an offer made on a foreclosed property?

Even if they are already reaching out to us or another big player in that market, they may respond to your offer as well and you can get your fair share of the action.