Jenn this house may not be on the market yet, Realty Trac posts notices of foreclosures not actual property listings. The price you see may be what they owe not an asking price. In this case it is only in pre foreclosure, a notice has been posted giving the owner an amount of time to pay or sign an agreement stopping foreclosure. If they do not it is auctioned, If the bank takes the house back after the auction, it will be assigned to an asset manager who will assign it to an approved broker in that area. It will be cleaned, appraised and priced at market value for that area. The price you see could be what they owed, it is not going to be the sales price. I have posted a link on my site for a free 7 day trial so people can see what realty trac actually offers. In almost every case they only posts notices of foreclosures, they do not list homes but are a data collection company and bascially sell data. You should get a buyer broker in your area who can keep an eye when this house does hit the mls. Good luck with yoru search.