Once you find such an agent - you'll be able to invest very successfully.
You will need to be quick in your decisions to catch a good deal.
Some counties have electronic auctions (court ones) - but if you follow them, you'll notice that most sales go to the banks, some get pulled back before the auction, and some end up as approved and closed short sales...
Foreclosures often attract way too many offers...leading to a bidding war.
Short sale take so much time, that, if you calculate in your "inactivity in making money", they are no bargain, after all (prices are recovering in most parts of the country).
Hope this helps,
Beachfront Realty, Inc.
go to some Auctions, and find out:
You don't have to bid, you can observe.
Understand that some Auctions are held by private companies, just trying to sell some real estate that they haven't been able to sell any other way.
The Trustee Auctions are not held BY the Banks, but rather by the COURT to finalize the Foreclosure process: These homes are usually sold back to the bank that held the paper because they offer/bid the amount of the outstanding loan. In other words, too much! This protects their investment. The investors that go to these auctions are looking to buy for 50 cents on the dollar, and it is not going to happen.
But you need to see for yourself.
Gold is not waiting for you to pick it up in the creek, and real estate is not just sitting there waiting for you; there are a lot of investors looking for a quick buck.