This home is not actually on the market at this time; there is a Notice of Default filed on it and is scheduled to go to auction on 5/27/2010. The amount of $80,000 is not actually the list price, but rather the existing loan balance on the property. The actual market value is well over $200,000. It is actually in a state of pre-foreclosure at this time, and there could be any number of things going on, such as a loan modification, short sale considerations, etc.
I will be happy to check on the possibility of the home going on the market if you are still interested in it at the fair market value price. As a short sale specialist I can help the homeowners by providing them with the resources available to help them determine what they would like to achieve.
I will call you sometime on Tuesday or Wednesday to discuss this with you.
Michele M. Hunt, GRI, CRS, SFR, CDRS
Certified Default Resolution Specialist-Gold Member, Short Sales and Foreclosure Resource
1998 REALTOR of the Year
Realty Executives Platinum