Update..Didn't have time to do serious trouble shooting but found the cam is not turning when the crank is. No anti freeze in oil. But when engine turns it feels like no compression at all. I think my first guess may be right. timing chain went and took out other components.
The car is worth saving in my opinion. Everything on it is in excelent condition and everything on it works like it was new. Car only had 210k on it.
Thanks everyone. I will be making calls today and keep everyone posted. I don't remember where i saw it but someone had complete engines with 100k warranty for $3200.