In my observation, more often than not, the foreclosing bank will bid the price up and buy it itself to eventually place on the market as an REO property. Properties Listed In The Local MLSProperties listed by real estate agents in the multiple listing service (MLS) are by far the best method of sourcing great deals. Investment firms looking to sell properties they purchased as part of pool sales will list with local real estate firms as well. It is illegal to attempt buy a home as an owner occupant if you are not an owner occupant. I firmly believe that there is no substitute for a relationship with an experienced real estate professional who knows your goals and the local market.

Source: Forbes June 10, 2019 12:22 UTC