This is a short sale property that is currently pending. As is sometimes the case the information in RealtyTrac about the home appears to be inaccurate in terms of what is actually owed to the bank., probably because of the different resources that are used to gather the data. I have often seen the numbers in RT reflect loans but not asking prices on the homes in the MLS, which can be confusing to buyers. It is always wise to consult a knowledgeable REALTOR to get the most accurate information on a property that interests you.
You are correct. This property is going through the foreclosure process and is not for sale at that price.
Nick Rhea, MBA, Broker
Bombora Investments, Inc.