Low and behold the truth came out about one of the houses we were interested in!
The seller owes a certain amount and can’t sell it for any less without it being a short sale… Crazy they owned it for 2 and a half years. Must have taken out a HELOC and or did one of those interest only ARMS. Oops.
Anyway we moved on and found something else and all worked out well. The seller aggressively priced it reasonably and we came in with a strong offer.