if you would like to schedule a showing, let me know - 314-660-4803 or Dale@YourSTLHome.com. If you would like me to email you more information on the home, send me your email address. (Note - the banks want to get as much for the property as they can, so they will market the property for the value of the property, not just the amount owed on the property. If they can't get a buyer, they will gradually lower their price, just as a regular home owner will do. At any time, you can make an offer on the property for any amount that you deem to be a fair amount. What realty trac has given you, is some information on what at least one of the mortgages on the home was for (there may have been more than one mortgage) - the bank has more into the home than the one mortgage since they now have the costs to maintain the home, and the costs to sell it on top of the costs of the mortgage, so they will try to recoup as much as they can, but that doesn't mean that they won't accept less. (and they may have been holding an 80/20 mortgage so they may have held 2 mortgages on the home).