Clearly, we want to check him and his work thoroughly because that seems too good to be true. 

I spent $700 extra on the make ready to upgrade from buff/polish to a complete sand but it now has the most beautiful re-finished hardwood floors.  

Is that true.

However, if you will let me come out and inspect the property, I can get you an estimate which reflects the true value of the house."

Hubzu, on the other hand, is a true auction site.

I understand clearly that I'm not the "pioneer" of this type of action, however, as someone who is simply wanting to attempt something that may work, that was true purpose for my post.

It's an estate sale, and the seller was very short with me on the phone but here's the info he sent me:Estate sale - House + lot with potential to be subdivided (could profit from subdividing and selling the land)Looks like a single family home, I'd guess 2-3 beds/1-2 bath. 1.33 Acres (57, 935 Sq Ft)Asking $250kThe "county listed it at $238k"Conventional financing only.Description on flyer: "beautiful lot with large trees, quiet neighborhood, newer larger homes in the area.

Obviously, this is not always true and many successful people have found deals that are on the MLS.

Others say get the deals because you have nothing until you have a contract.I actually have a few (true) buyers that have told me their criteria...maybe 5-7 not many.

Which is why I believe it offers such a huge return as well - not many people want to deal with it.But its one of the few remaining ways that us little guys can build some true generational wealth.Think about it.