A possible offer on a property. All input welcome

[Eric Mitchell]

Hello BP family. I am brand new to the pre-foreclosure market. Hopefully I will have beginners luck.  I found a property that's in the 1st month of the foreclosure process. The numbers are as follow

Delinquent amount $ 18,000

1st $ 160,000 (amount being foreclosed on)

2nd $ 54,000

3rd $ 25,000

Total $ 257,200

 I could relief the owners from all debt by paying the total amount of $ 257,200 and put money in their pocket to the tune of $ 60,000 for the keys to the property. Since the property is in California that amount would be fair to rent in a nice area. That would bring me to a total of $ 317,200. Now if I was to talk to the 2nd and 3rd and they agree on settling for 1/2 of their position on the property it would look like this

Delinquent amount and 1st remains the same

2nd $ 27,000

3rd $ 12,500

Total $ 217,500

I could sweeten the pot and offer $ 100,000 to the owners for the keys bring my grand total to $ 317,500

Comparable sales as of 2-4 months ago is low to high $ 600,000. Now that's how I would like it to work out but I know better. LOL. The property is 3/2 1200sqft. Taxes has been paid and is current. Is there anything else I can do? Is it possible for this to happen thru financing assuming the loan of the 1st and buying out the 2nd and 3rd?

I feel that it could work only because I'm offering money. I have been discussing similar scenarios prior to finding this actual one with friends and the all said if I should them the money it would be a done deal. Thank you in advance for your responses.