Iâ€™m not sure whether you have been formally Pre-Approved. As far as buying, this is your first step (not a pre-qualification, see:. http://www.Steven-Anthony.com/default.aspx?pp=39377 for the difference between the two) so you can be ready to act when you need to, or be aware of any issues that may prevent you from buying when you want to.
To avoid being "RealtyTracked" again, continue searching for a property on http://www.Realtor.com as they load ALL listings from ALL Assoc. of Realtors MLS systems automatically. Trulia is making strides to do this as well, but it will be some time before their feeds are comprehensive.
Do find a Realtor to work with, and definitely get pre-approved. Then, have your Realtor set up an automated "search agent" for you so you get notifications automatically via email as soon as properties that match your criteria are made available on the MLS.
First Team Real Estate
This property has not been placed onto the market for sale as of today. If the lender has taken it in foreclosure it will eventually be assigned to a Realtor to list and sell at a fair market price. Lenders do not take direct offers to purchase properties they have taken through foreclosure.
Also, the price shown is not the price ti will sell for. It likely represents the past due amount of the loan prior to foreclosure.
You should work with Realtor, that can assist you in acquiring this propertyu when it comes onto the market.
Best of Luck,
Broker & Realtor
Orange County, CA