Properties with little, no or negative equity

Do sellers come to you with properties that have little, no or negative equity in this market? If so, are these properties in decent shape?

I buy those properties.

I have people come to me with little or no equity in their property almost on a weekly basis. I have not had one with negative equity (upside down) as of yet. I would say that about 80% of the time the homes are in real nice shape.