DEAL..NO DEAL ADVICE

[Shanda Williams]

I would like advice on a property based on the information listed below.. do I need to move forward or let this one go

Preforeclosure: 4br/3ba, 2200 SQFT

FMV: $150k-180k

loan balance: $137k ($9519 of it is a HUD loan)

amount needed to reinstate: $15k

***owner wants to give $5k towards carpet and paint***

if this is a deal, should my exit be to sell outright or short sale

PLEASE HELP