Not really worth trying to time a bottom for and risk losing out on a great property.

If it's your 1st deal I would think $100 (ish) a month is better than losing your shirt on a deal.

If the auction actually occurs, then she will lose all rights for the property, unless there is a owner's redemption period.

The government is currently throwing everything they have at this "crisis" and they will keep doing so until the people lose faith in our currency; our nation; and our socialist government.

You don't want someone else paying for something you can lose your investment over.

whenever you start 'playing' with the numbers to 'try' to make it work, you'll always end up losing sorry for not reading the rest of the post, I just want to tell you what I think about the first 2 paragraphs.Edit: Jon below me brought up a wonderful point!

That causes people to spend less, and it causes some people to lose their homes.

He needs the money or may go bankrupt and we all lose the property...

Unless the deal makes sense at your current price and the $6K up premium is not worth losing future profits over, my advice would be to let this deal fall through and make another offer based on the new MLS listing price, At this point it comes down to what the property is worth to you and if you are willing to risk the deal over $6K based on your projections.

You can make a lot, and lose a lot too!