This property is actually not for sale. For some reason Trulia reports all "notices of default" meaning that the owner is behind on their mortgage payment, which is the amount that you posted ($398,000). Most likely the owner is working on a loan modification or short sale and the property won't become available on the open market. Even if it does come on the market as a foreclosure, it will be at a price that the bank deems to be the market value for the property, which will be higher than $398,000.
If you have any questions about this or are interested in buying foreclosures, feel free to contact me, my info is below. Thank you!
Alex Quaid | Partner | 310-717-1054
11726 San Vicente Blvd, suite #350
Los Angeles, CA 90049