patrick.net

I think the only way is a short sale BUT banks require it to be listed in the MLS for 5 seconds.

During that 5 seconds there will be 100 offers coming in , so select your listing agent appropriately who will decide these are all 'weak' offers and only submit your offer to the bank. cha-ching!

Forget about trustee sale if you have a day job. Last I checked only 3% of scheduled sales actually took place, rest get postponed repeatedly (crazytown everywhere)

I actually see quite a few 'sold before processing' listings entered as pending from the start. (they actually write that in mls comment).
They sometimes enter 'only entering into mls for comps' which makes no sense as its not legally required.

The sold before processing is a clear sign it sold under market as a short sale. You would think this would be illegal but its not and is commonly done. People get angry but they should instead try to make this shit happen for themselves (flyer your target neighborhood where you want to buy, have your hand picked agent lined up to do the short sale and gitter done)

donjumpsuit says

It's a game.

Distressed houses are handed out the back door to partners for kickbacks, the banks either write off losses in a structured manner, or they qualify as a mortgage write down for the gov's homeowner relief.

Once they are flipped, they make money for everyone except the homeowner who will be left holding the bag

The game is legal. And open to all.

Just start mailing flyers to homes that say "I would like to buy your house" eventually some underwater chump will contact you, you can call roberto or other agent to list the home and slam the short sale through the banks automated short sale approval process.

EZ$$$!! CHA-CHINGALING!!!! (wheres Duckhead i miss him)

The fed says 'we don't need no stinking listing'. The hilarious part is they can sell to anyone for any price they choose. Neat.

I used to see sometimes on bank websites an opportunity to contact them directly about property in their portfolio. I saw that on an Internet bank based in Florida, for example, but that bank later closed. I imagine that if you have $ on deposit somewhere, you might ask them, because the $ is already there anyway so it might simplify the transaction.