[quote=CA renter]
Yes, bundled junk…being sold for 10-20 cents on the dollar. Extremely profitable, and totally unavailable to those who were not well-connected.[/quote]

Are you saying a million dollar property was purchased for 100K? If your numbers are not anectodal I am curious to see a transaction recording. Afaik the bundles were geographically dispersed throughout the US, and to undertake such a purchase one needs a reliable infrastructure/people to minimize financial loss from the transaction. Since the moment a bundle is purchased buyer is responsible for all the mundane expenses like taxes, insurance, maintenance, payroll, office space, etc. I can not imagine a regular Joe capable of handling such a purchase. As a consumer, if I had funds I am happy to find one off deals 30-50% off through online reo auction sites. If you were looking into such large volume bundle purchases, kudos to you. I can understand your frustration about needing connections…. after all in this connected world even to land an interesting job, one needs insider information considering most of the jobs are never advertised.