Does that not sound correct?

If you can offer more money than they can reasonably get from an auction AND do so in a way that absolves them from showing favoritism, then you may be able to pull it offas a banker myself as far as I know selling assets through a non-bid process is a NO-NO. but I can't speak for all banks.

@Jay Hinrichs That is correct Jay.

This is the same result as if someone bids with enough sum to cover the money due to the bank, but not enough to cover my parents' lien.   

Find a good agent, most are registered to bid on ZHUD properties as they have to be.

@Kuba F. correct, i copy and paste the property into zillow, scroll down to the "neighborhood" drop down, and zoom in to see the zestimates of the surrounding houses. i love this feature. i don't see the same in redfin. 

I really was hoping Chicago would win the bid.

Auto correct messed that up.

Both Andrew and John are correct, they are non warrantable so very difficult to finance. 

She trust me and I trust her however we want to do this correctly.