This condo is in the redemption period - the bank bought it back at sheriff sale in December - there is a 6 month redemption and may not be listed till May. If the condo is vacant - it could go faster. However the transfer price that Trulia has listed here is not going to be the list price. The bank will do an appraisal and will list close to appraisal opinion. There is a condo listed there now for 199,000 - so the bank will probably list somewhere in this neighborhood. With listings being in high demand (low inventory) the banks are not listing at real low prices - homes are selling fast! To find homes by Feddie Mac - you can go to their website - http://www.homesteps.com/
Hope this helps
Good luck in your search!