Pre-foreclosure deal, negoitating arrears?

[Jonathan B.]

Hi Guys,

The potential deal here, first time dealing with a pre-foreclosure.

Preforeclosure seller, auction due in a week, 

Got authorization signed from the seller, the bank claims the current arrears are about 52k which sounds steep.

the owner did not pay the mortgage for 3 years.

original loan is 165k, 3.75% fixed 30 years, monthly payments are $760, so adding 3 years of payments together it should add up 27k of arrears, not 52k.

I realize there may be some late fees and attorney fees built up in there,

who do I reach out to negotiate those arrears down and how what do i say to make that happen?

Property ARV 255K

Principal is 165K

Rent is 1750

[Wayne Brooks]

The arrears will Not be negotiated. The only negotiation that would occur is if the lender was doing a short sale....and with the suction a week away, not much incentive for them to do that. 
The arrears amount seems about in line....3 years of interest, late fees, force placed insurance, property taxes, preservation fees if vacant, attorneys, foreclosure costs, etc.