[Physicist]

I understand this sentiment. But from a business perspective, SOMEBODY was going to buy this house for $70,000.

I disagree. From a business perspective, SOMEBODY was going to bid $75,000 before the gavel fell, with a $258,000 home on the auction block. And after that, somebody was going to bid $80,000, and so on. It wouldn't have made it to $258,000, of course--who would pay full price when the home is in such a totalitarian neighborhood--but $70,000 sounds like a backroom deal to me.

The owners should have paid the $120. Having failed in that, they seem to be on the hook for almost two grand. But having their home sold out from under them for less than a third of its worth? Someone was out to hurt them badly.

[RGSpincich]

but $70,000 sounds like a backroom deal to me.

Deeds of Trust are foreclosed on on the courthouse steps. All bidding occurs in the wide open. Check it out

[TN4Liberty]

...but $70,000 sounds like a backroom deal to me.

Agreed. Like I said, assuming we had all the facts. I doubt we do.