We are starting to look at houses. Probably still 3 to 8 months away from buying but starting the process. When looking at Zillow I see listing with Pre-foreclosure / auction on them. Listed Price $112, 000 and $69, 875 unpaid balance> I assume the 69k is what was left on the loan but besides that really no other ideas. Should I stay away from these types of listings? Is the 112k is what the bank is hoping to get? Any insights or previous LMM episodes or articles would also be great.