A notice of default is posted when a homeowner is in default of their mortgage. It could be the first, the second, or some other lien. The house is not for sale, nor has the homeowner indicated any interest to sell. If you want to find a 'bargain' work with a buyer's agent who can help you spot the good values, even in this attractive market.
Good luck Bill! As I'm sure your mom had told you 'If it sounds too good to be true...'
No, the home isn't even for sale. A notice of default has been placed on the home for $6,800. It could go REO in the future. If you want to look at REO/Foreclosed homes and what they list for. Click on my website below.