This is a short sale and not a bank owned home. They owe $1,085,000 with a private party lender. The $200,000 came from a private sale at that amount. The records show that the home was deeded back and forth between a couple of people, could be husband and wife for financing purposes. Hard to tell.
It's on hold right now, probably because they are waiting for bank approval. They have it listed at $675,000.