So, when you see a ridiculously low price for a home in a neighborhood you know fetches higher prices, it's likely just ONE of the loan's balances, there can also be a 2nd. So, if you see a place in Orange, for example in a neighborhood that's in the $500-600's and the "foreclosure site" states a price of $250K. That's NOT the price, even if it came on the market at that price, it's either a dump fixer that is inhabitable OR the listing agent enjoys filtering through 100 offers, well over that amount.
If you're interested in Villa Park and would like to see if there are any great deals that I can find for you, whether they be ON or OFF the market, shoot me an email directly.
The home you have included is not for sale and must have been found on a foreclosure site. Sorry. Here are the only homes on that street available today: http://ericisrael.listingbook.com/?node=16-0-email_listings, . You cannot buy a 4000+ SqFt home in orange County for anywhere near $300,000.
You can view all the bank owned homes in OC here: http://socaloceanviews.com/professional1.shtml , or start your own search here: http://socaloceanviews.com/professional6.shtml . You can also sign up for a free Listingbook account and search like an agent here: http://EricIsrael.Listingbook.com . This is one of the best tools available for consumers to search for homes.
Let me know how else I can help you?