Help me with this lead

[Andrew Stevenson]

A friend of mine on facebook gave me this lead.

I was watching this foreclosure house when my daughter was looking for a home. It sat for 3 years waiting for foreclosure. I located the owner and tried to do a short sale but the lender wouldn't budge. The house is 1500 sq ft with 3 bed 1 3/4 bath. The house is in great shape with NO structural issues. It's located on a great street in a good neighborhood. If you're interested I'd like you to contact my realtor, she's really easy and good to work with. The house is listed at $78k but if I were to put in an offer I would start at $60k. I really think you can get the house for $70k or less. The house has dropped $20k since originally listed cause the Bank really needs to get rid of the property! Also, the average price for a home in this area is over $100k.

Can you please tell me what I am looking at here.