Peter, this is a short sale(offered at less than mortgage). It shows pending w/contingency as of 11/12/08. That means it is contingent on the Bank accepting the contract signed by the owner. Now, whether that happens, we will see! If you are interested in the Hobe Sound area, I would be glad to assist you! You can click on my profile to contact me or search for properties and contact me through my website below. - Sat Nov 15 2008, 16:36
It appears that this is a rental. Since Trulia does not accept rental listings at this time, they have disgusied it with a low price. - Thu Nov 6 2008, 02:43
A sale that is "pending with contigency" means an offer has been accepted by the seller but it is dependant on another as yet unresolved issue. It may be buyers obtaining a mortgage, it may be subject to appraisal, it may be subject to inspection. In a short sale senario it may be contigent on the bank accepting the offer. It is some condition that must be meet for the contract to move forward.
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