$150k property selling for $10k, no disclosures - what the ?

[Jeremy Shinall]

I've found a DEEPLY discounted property in Deltona that seems 'not right': http://www.realtor.com/realestateandhomes-detail/3...

My agent says there are no notes/history/disclosure in theMLS for this property. He was told the owner just wants to sell by Monday.

The County Appraiser office shows that this property was a "government acquisition" in June 2016 for $99,200: http://vcpa.vcgov.org/searches.html

It makes absolutely no sense that an owner would want to sell a property worth at least $150K (and was purchased for $94k) at a sale price of $10k.

My question is: what might be going on here? I'm curious if any experienced investors have seen anythign like this before.

[James Wise]

@Jeremy Shinall Looks like they are trying to run it like an auction. I imagine that the owner isn't willing to take 10k for it. Just a cheap marketing tactic to get as many eyes on it as possible in an effort to drive up price with a bidding war.