S.S with credit union?

[Maryann L.]

We asked the Realtor what the auction price on the property (or firesale price) would be. He said $275,000. We came in at $175, because from the point the realtor gave us firesale price and now, snow fell and the property is not winterized without utilities on. Plus we obviously want to make a profit. Homeowner owes $388,000 and the credit union said they wouldn't take less than $375,000????????

I don't have comps to support $175,000 only some pictures of the run down property and with a lot of the work that needs to be done, and of course the info on the pipes.

Is this a lost cause?