Hello I was listening to Robert Kiyosaki and he was talking about holding on to property for cash flow and if the property value increases he would simply go to the bank an refinance.

Their concern is, if we take a property back, we have to sell it low enough to compete with everybody else's REO.I feel like we are in an environment where banks are actually self-destructing by driving property values down (dumping their stock).They get into a vicious cycle of lowering property values because they are forced to keep lowering REO prices to move them.

The bank was so excited to see an offer come in that they countered back at $105,000.

Hello,I am new to the REO market, I am wanting to start selling Bank properties but am stuck as I do not know where to start or who is best bank to work with.

The seller is in foreclosure, and I am almost done negotating with the banks.

Bigger Pockets has a list of resources for national, regional and local bank REO listings on its website link: Foreclosure Resources, Where to Find Foreclosures, Bank REO Listings, Pre-Foreclosures, etc.Banks buy foreclosed properties at sheriff sales so, check the county sheriff's website, courthouse listings and local newspapers to see what sold and who bought it.

More common in commercial loans, with bank approval.Lots of people talk about doing subject to property buys.

I called my local Countrywide banks and they have nothing like this.

Now it seems that banks are short selling properties like crazy in the area just to get them off the books.

The bank countered at $79K through the realtor.