re: Foreclosures

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Yeah, you are right. You could try a short sale as stated earlier. The problem is that they take a while, and the owners and the bank have to agree.

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Problem is the owner has already moved out, and i have no idea where they have moved. The house is vacant (no electrical meter)

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159k is the principal amount of the writ. EBRSO does not include the interest, costs or attorney's fees in the writ amount, and rightfully so, they cannot calculate them - they have to request them from the attorney.

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If the bank indeed goes higher then the writ, then I will be stopping efor they get to that point. With the work i can physically see plus the risk of an "as is bid" and not being able to do an indebth check of the housethe house is not worth $160K+

But factoring in the bank having to pay to fix the house up and hire a real estate agent and have the house sit on the market for awhile, i'm hoping they will accept an offer after the bid. If not, then the house is not for me.

Thank again for your input