I made an offer on 110 SFR s bank owed in 07 at 100k a piece (original selling prices of 200k) glad I did not consummate that by 09 we were buying them at court house steps for 30 to 50k each... LOL.. (biggerpockets.com)
Foreclosure... bought court house step for 125k.. (biggerpockets.com)
there are a few high volume wholesalers in the PDX market one buys mainly court house steps and the other does the direct mail and gorilla marketing stuff... both back into what they will sell a deal for by allowing the buyer a pretty small profit margin.. (biggerpockets.com)