REO Pre-Listing Notice

[Luis Lopez]

Hi BP,

I just started my push towards wholesaling and I have been telling everyone and anyone of what I'm doing on the side (I have a full-time corporate job).  

Just this morning, my mother-in-law calls me because a co-worker of hers, also a realtor, has been asked by the Bank to help sell a property they are foreclosing as we speak; today the eviction takes place.  They haven't listed it yet but have given her a target price that pretty much matches the Market Value in that neighborhood.  There's obviously no deal there for a flip but my question is... is there any value at all in knowing about a property in  foreclosure before it gets listed and marketed?  I was honestly a bit excited when I got the call; i rushed to the nearest computer to take a look at the numbers after I hung up.  But now that I think of it, I would assume the banks would almost always start high and not drop it until they realize no one is biting.  Any value in that connection I just made?