What is the Key to Buying Distressed Asset?We are actively buying distressed assets (mainly residential REO's, Short Sales, etc) in Los Angeles County. As you all know, it seems that new cash buyers are popping up left and right and claiming they can close fast with no contingencies. This has made it extremely difficult for real buyers to get offers in the door and accepted by sellers. We are consistently seeing properties hit the market with an on-slaught of offers. At times, we have been competing against 30 different buyers. What we are seeing is that the majority of buyers are falling through and canceling or not performing, which then leads us to have to resubmit our offer and go through the process again and again. So my question is, what are the best ways to get an offer/buyer noticed from the beginning in order to avoid competing with so many non performing buyers? Josh McIntireDecember 17 2010 - Los Angeles0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.