This is a property that has been put on Trulia by realtytrac, which does automatic uploads of properties that have had liens filed against them in court records--this is why the prices appear to be so low. Being listed here by realty trac doesn't even mean the property is on the market.
If you want to find a great foreclosure bargain, you should be working with an agent to accomplish this. I can put you on an automated list that will send you an alert EVERY time a new foreclosure comes on the market anywhere here on the emerald coast. This also will help to educate you to the market and what price ranges are available in any given location. You can also run the search yourself through my website listed below.
As a buyer, you don't pay for the services of the agent you work with---with only ask for your loyatly as we help you through the process, which is a lot more than looking at listings. Seller pays the realtor fees.
If you would like service and great assistance, let me know,
Myke Triebold, GRI, LMC
Did you have a specific question that was not answered in the property link? I can help you find out more.