The kind of short sale agents that put under market offers in for their clients almost always have those buyer lined up before they go on the market so that probably has minimal chance of success. Its an insiders game for what you propose and if you arent an insider with sleazy agents you probably wont succeed.

The REO listing agents handling most (90% plus) are a select few. They make alot of money doing REO’s. You are asking them to commit fraud and submit a below market offer on a 200K condo which will net them a few thousand dollars more. Do you really think they will jeopardize a high 6 figure and possibly 7 figure income for that?

The time for snagging deeply discounted properties from current pricing came and went already.