Lot's of responses to yuor question... Thats what great about the internet and Trulia. A bit of advice, slow down and give me a call. We have bank owned homes listed by agents in our office. What is great about them is they are in pre-list for a few weeks, meaning you can see them before they even hit the MLS. they are also priced very aggressively.
The area does offer others in the same price range. What are you looking for? Do you want the historical district?
The best thing you could do would be to pick someone (me) to represent you and allow us to be aggressive finding you a home right away. We can represent your interest and it costs you nothing, we are paid by the sellers.
It's not a foreclosure just yet, but a short sale. So it will need lender approval. These typed of deals needs patience on your part for the most part, so if you were in a hurry, I would pass on a home that is a short sale. With that said, I have been involved in a short sale transaction that took only 3 days for lender response, and the buyer's lender was able to get the loan done within 2 weeks. So they are all different.
Please contact me if you have any other questions, or need me to help you find a home that is not in a short sale position.
:) Stacie Neumann
This property is for sale with a list price of $125K. It has been on the market 131 days with a foreclosure auction date scheduled for November 10, 2008. For more information, I invite you to contact me, especially if you want to buy a home ASAP.
Buyer's Agent REALTOR
HomeSmart Real Estate
Unfortunately that property is a short sale, which means that it can take months for the bank to respond and the price has not been approved by the bank.
If you are interested in buying a foreclosed property let me know. We are foreclosure specialists and know of many great foreclosure opportunities in the area.