I would agree with Maureen. In many cases, people late with a payment (Notice of Default) are able to save their home. There are many homes for sale, you can look on either Maureen's website or mine and view homes that have completed the foreclosure process in SCS.
That home is not for sale yet. It has just begun the foreclosure process. This is not the price that the bank will be asking if it is listed. It is the amount that the owner defaulted, in most cases.
If you would like me to keep an eye on it for you, I will. Drop me a note.