Aldante I have no clue what your original post meant. What does buying a home at a trustee sale have to do with the bailout?

Can you please explain?

If a home went to foreclosure then that means the original owners were not bailed out. Are we on the same page here? Now looking at this home, it went to trustee sale back in August to the lender. The current homeowner then paid 535k for it of which he got a mortgage for 374,500 and thus put the rest down in cash.

Again, I fail to see the correlation between this event and the bailout. I am listening if you would like to explain to me.

fredo4 correct it does not mean the house will sell. From the standpoint of flips, I would not classify this as a good purchase. I would be concerned about a few factors so it will be interesting to see if the seller gets his money back.