That property has 2 liens currently showing.

The first is $462k and the second is $300k (or so).

The FMV shows up aroun $550k-$600k.
(of course there could be some mitigating factor that skews that number but thats where it looked to me)

This property is $165k-$200k upside down before even looking at costs associated with settlement.

This short would net lienholders about $500k.

Sucks to be the lienholders.

On the other side, this would be an easy property to do a short sale on.