It is unlikely that you will be able to buy this house for the price posted on Trulia. That is the amount of a default and has no relationship to the value of the property. The house may be offered for sale at a later date but it will most likely be listed with a Realtor and priced at a price that reflects the market price for the area.
If you are serious about buying a house, you need to align yourself with a full-time, experienced local Realtor who can help you to find the house that meets your needs. Your Realtor can help you to learn about the current market conditions, realistic house prices, loan qualifications, negotiating strategy, escrow management, inspections and everything else that goes into the purchase of a home.
I know the property, but what you see here is a little misleading.
It is not currently on the market.
When it goes back on the market, I'm sure it will be over $200,000.
Often when you see the really cheap prices, they'll be for tax liens or second liens or something you don't want.
If you want to live in the area and can pay more in the $200-$300K range let me know or if you want to stay in the $100,000 there may be some other neighbors not to far away we can consider.
There are a couple others for sale in the same neighborhood currently.
There has been a notice of sale on this home in question, but it could be months or years before it comes back on the market.
Brent Rice, Trulia Top Recommended Broker (Pro & VIP)
The Rice Group, Inc.