I am interested in buying a house that is going up for Sheriff sale. Does anyone have any experience with this? The people that live there have not payed the mortage for over 1 year. They owe 307,000 bucks on the house. The house was for sale for over 1 year for $250,000 and no bites. They have about $5K in liens on the house. Its going up for sheriffs sale at the end of the week. How do these things usually go down at the sheriff's sale? With the current market conditions, does anyone have a ballpark idea for what these homes go for at sheriff's sale....appraised value, portion of appraised value, current mortgage amount??