Before an offer can be made, you have to determine where the property is in the foreclosure process. Regardless, it is unlikely that the bank will allow the property to sell at the number posted on Trulia ($186,000) as the house is worth more than that in the open market. Based on your earlier question about interval ownership, I would suggest you look at either small condos which can sell under $200,000. The least expensive single family home is listed just over $300,000. If you would like additional details, please do not hesitate to contact me.