Too good to be true? Guess what â€¦
What you are seeing is not a listing â€¦ it is an advertisement for RealtyTrac.
What you are seeing on Trulia.com is the notice of default for one of the mortgages provided by RealtyTrac. RealtyTrac notices can be very deceptive because they give the loan amounts, not the purchase price. When this particular property does hit the market, it will be at market price for the neighborhood.
RealtyTrac is trying to get you to sign up for their service.
The following links may be helpful:
When Is The Price Not The Price?
Itâ€™s Too Good To Be True: REALLY â€“ Top 4 Buyer Myths
Let me know if youâ€™d like any additional information.