I would say "avoid" - reason being is that most leases are still within the upside-down part of the agreement.
I would contact the lienholder and notify them that the person is trying to sell their property, and if you're set on buying it, find out what the balance is on the note, and compare that with how much the guy is wanting, along with the book value of the car.
If it still makes sense to you, then go after it. If it doesn't, walk away.
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