Scarlett – I should clarify. If you have money and pull, you can go directly to the bank that holds the first and buy outright. I think that’s what Flip This House did w/the place I was watching in PB on Diamond/Dawes. It was completely gutted and I was waiting for the bank to list it for less than what was owed. But that show had a hard-on for the place and bought it for the full amount, I think 650k before it even listed.
So if you’ve got money to burn and gumption and optimistic about the market, go all balls out and try to contact the bank directly 🙂
