Your are being misled!
What you have seen on Trulia is a notice of default or foreclosure posted by Realty Trac which is a reporting service. Realty Trac takes information from public records and provides it by subscription to its members who have registered and agreed to pay a fee for the information. What you see on Trulia is an abbreviated report from Realty Trac in order to entice you to sign up for their service.
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.
This property is not currently for sale - the company that lists these homes on Trulia is getting their information from foreclosures that were filed at the Registry of Deeds. You can tell this by the line where is says that they are estimating to sell for $26,000, so that isn't a list price. The company that lists these is trying to get you to sign up for a service and pay a monthly fee for foreclosure listings.
It sometimes takes months from when a foreclosure deed is filed to when a property actually comes on the market. If you are looking for a home now I'm happy to assist you with your search ! Feel free to call or email me at any time.
Prudential Verani Realty