I showed this house the first day it came out and while it was a good value for someone.... it also needed a lot of work and appears to have sold for fair market value for the condition it was in (it sold for 198,300).
I have a free service through my site that allows you to be notified right away when a new listings come out that fit your criteria. Here is the link: http://www.michaelpiercerealestate.com/mhs If you are not already working with an agent and are intereseted in being signed up, you can do so through that link or you can let me know.
Some of the best valued homes often times sell the fastest. Especially since so many people are out there signed up to similar notification services just waiting for the right home to come out for them.
sorry it is MORE of a comment to your great questions, but the answer is YES a person like you can find a deal like this....the problem becomes that most people dont jump on it and figure out that it was truly a deal only when someone else proves it to them. Good luck in your search, you will be ready when the time is right.....
David Van Noy Jr.
Not sure what the local MLS offers, but they might have what we call a flash system. Find a great Realtor who will set you up on an automated notification system. You'd have your parameters entered and when a new listing is uploaded or a price reduction is offered you would get an email notification.
On great buys you also have to be ready to pull the trigger. Pre-approved with letter from respectable lending institution.