He declined my 150K offer and is in the process of selling it to another buyer.
Looks like he may get close to 200K which would put around 90K in his pocket. He is a nice guy so I am glad its going to work out for him.
If his other offer falls apart I will make a second offer if there is enough time. But if there is not enough time to stop the forclosure I will bid on it at the auction.
Ed