Is this a distressed property?

Preparing to create a cash buyers list as well as seek out distressed sellers.

I am looking in the HRM and I'm looking for lists of properties with owners in any kind of distressed position (pre-foreclosure, absentee owner, absentee owner - expired from MLS and so on).I must admit, I have done a couple of Google searches, and I haven't come up with much.

@Richard Carpenter You have the skills, go find a cheap distressed property, cheap, fix it up, and rent it or sell it.

I bought a very distressed property from a local S&L.

There are many note buyers like my company that buy distressed residential mortgage debt then rework the loans with the borrowers into reperformance.

Also, what is the typical amount in the SF Bay Area when dealing with motivated sellers / distressed properties? 

We really prefer the idea of marketing to distressed/pre-NOD/late payments/pre-foreclosures (who also ideally have equity...), but can't find a good list to market to.  

There are a lot of cash purchases around the area because is a very distressed neighborhood.

Yes, 20% down will be needed, perhaps a bit more, mortgage insurance underwriting is tougher than what most lenders would accept.The property will need to be marketable as getting a fixer will end up requiring stronger loan qualification aspects.A property purchased at auction may or may not be a distressed sale, which means, while you may think you get a steal of a deal, what you pay could well be the market value and a lender will be looking at that for a purchase money loan or short term refi.