Not sure if you read my post Sunny. The home is scheduled for a trustee sale at the end of March. I am reasonably certain that yes you can purchase this home at trustee sale for that amount unless there are multiple bidders which in this case may happen.
An enterprising individual would find a way to get it done. Perhaps go to a hard money lender then buy it, then finance it after the purchase is done. Personally I have already done a drive by of the home. The backyard is to small for me but for others this may present a good opportunity. What I think will happen is that it will be postponed because the seller will try to mod the loan. That is just a guess but I believe it will run that route.
To get the best deals people should investigate every avenue and all possibilities.
