I'm not sure what number is on the sign in front of the house. It is listed in the MLS. It is a short sale & it appears as if the current sellers refinanced their house to the tune of $177k. My guess is they didn't pay a penny towards the principal since then so I feel the likelihood that the lender would agree to anything close to the current asking price of $79k is about zero. The vast majority of short sales are nightmare experiences & this one looks like it would definitely fall into this category
In my opinion already foreclosed on/bank owned properties are the best way to go if you're looking for a good deal. The bank has already felt the pain & by now have a much better idea of what they'll take for a house. I've represented several buyers of these houses. Bank owned house buyers also need to be aware of several thing so you need someone with experience to guide you through the process. If something like this sounds like an option for you please e-mail or call me.
Prudential Tropical Realty
W 727-799-2227 Ext 223 C 727-278-4711