Wholesaler wants Absentee Owner in Foreclosure

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I am getting familiar with Washington State absentee-owners in foreclosure. Now before anyone gets all "excited", absentee owners are fair game in regards to foreclosure so lets please not open up that can of worms. Anyhow, I wanted to know if someone could give me some insight on what I can do with these numbers as a wholesaler. 

Property is condemned - does this mean the owner no longer has the right to sell per eminant domaine? Or just that the property is uninhabitable? 

Foreclosure amount: $52k

Original Mortgage Amount: $80k

Unpaid balance: $70k

Set for auction: (Late April)...

Comps in the neighborhood are around: $200k

considering the circumstances, does this sound like a deal? My biggest concern is that it is condemned but I am assuming there's an investor out there who could demo the house if the numbers look right.