Is this worth taking any notice of?

[Christopher Gravillis]

I have recieved a phone call from a lady in Tampa FL who is 3 months behind on her mortgage payments and wants to get rid of the property.

She was working with another investor but she has not been able to get in touch with him for weeks. They were working on doing a short sale with her lender.

She just recieved a call from her bank saying that they are willing to consider $190,000 but they have been unable to get in touch with the investor.

Her mortgage payments are $1700
The property appraises at $232,000 its in good condition.
She Owes $249,000
Bank will accept $190,000 but I think there is still room to negotiate.

She said previously had the house on the market for just over a month at $215,000 but the investor told her to take it off the market and so that was the only interest that anybody showed in buying the property.

The fact that she couldnt sell it to anybody else at $215k rings alarm bells to me but before I threw away all of my notes I thought I would ask for your opinions on whether this would be worth pursuing at all.