It appears to be more than meets the eye. Looked it up on title, it says the selling price was $25,500 but there was an existing mortgage of the seller for $900,000. Maybe they did some kind of a wrap around mortgage?
It appears the seller is some sort of a celebrity or something, doing as some sort of a mortgage expert. It appears he has two mortgage web sites designed to to fight mortgage fraud but then I found something with someone with the same name was charged in a massive mortgage fraud case, not sure if it is the same person. There is definitely more to the story.
There are some buyers who get a great deal on a home, but usually it comes from a lot of time and effort to find those deals.
Do you think someone/anyone that has something valued at $250k is going to sell it for $25k?
find an agent to help you.
The first step is to identify what you want and what you need.
Tiffany Boyd, Realtor
I would just caution you if the property listings is from RealtyTrac, which is a company who advertises "foreclosure listings" on Trulia. RealtyTrac's primary objective is to separate you from your $$$ in exchange for providing information most any RealtorÂ® can provide you for FREE.
MLS Data Accuracy â€“ Where to search if youâ€™re â€œwithout RealtorÂ®â€
Here's a quick diagram explaining the process of actually getting to the status of an actual foreclosure (I suspect the property above is on the very first step and may never become a foreclosure):
As far as having the most up to date listing information for ACTIVE listings team with a local RealtorÂ® who can set you up with an automated search for what you can afford.