Actually the home first sold at trustee sale for 880k in 2008. It was then purchased by a private party for 786k in late 2008. That party then lost the home to foreclosure.

As for the 80k…. well imagine if the guy that bought the home in late 2008 never made a payment on the home. He bought in in November of 2008 and the first notice of default is in September of 2010 for 74k! So yeah he could very well of bought the home and essentially not paid a cent, not paid property taxes, and pretty much hung out until he finally got booted as the trustee sale was end of August 2012.