This is a short sale and the price it is offer at is unrealistic. The bank is going to take a huge loss on the property, but not give it away. I handle a lot of short sales and the bank look to accept an offer that is close to todays appraised value. Please give me a call and I can give you the 5 minutes ins and outs on short sales and bank owned properties (where you will get your best deals). I would be happy to put together a custom home search for you after I speak to you and get your home criteria.