We have intrest in a sherrif sale home due to go to auction in 3-4 weeks.. We have actually talked to the homeowners who still currently live in the house.. They told us, and we have confirmed that they bought the house in 2003 for $165,000. They now owe 145,000. on that loan.. We have offered the current homeowners 150k *cash* for their home. . (paying off their loan, and giving 5k for their pocket). Is this possible for us to be able to buy their home from them before it goes to sherrif sale? And is this even a smart thing to do? (would it be better to just wait our luck out at the auction?)Will their credit be better if they sell their home to us before it is sold at the sherrif sale? If it is a good idea to try to buy it before it goes to auction, what steps should we take to buy it? Providing the current home owners accept our offer.(and if they would accept, is that a smart move on their part?) We would like to help them out as much as possible.. Would it be better for them to just let it go to sherrif sale, or to let us buy it from them first.? (They are not interested in trying to keep the house.) We know from experience that at these sherrif sales, the sale amount rarely goes above the bank owed price. (in this case 145k) (that is why we offered to pay their loan off and give them a little extra, they probably wouldn't get any extra money off the sherrif sale.) If someone has some knowledge on this please let us know!!!