Best way to purchase single family houses before they hit MLS?

[Peter Lee]

My company is trying to purchase REO's individually before they hit the market. In my area, the houses on the lower end of the price range, i.e. sub 300k are being bid on fairly aggressively.

We are all cash buyers and have been considering advertising a finder's fee if someone could bring us properties pre MLS.

If anyone has had any luck with this strategy or others, I would like to hear your thoughts...

[Bill Gulley]

Hi, good ideas! I'd check les pendis filings and approach the borrower to buy it from them, then go to the bank and buy the note. Even if the Trustee is walking out the door to the steps of the courthouse, before the sale, you can pay it off by buying the note! Later, gotta go....Bill