Possibly, or possibly not. This is a listing from Realty Trac, a website for Pre-Foreclosure, Foreclosed properties.
A property might have several liens against it, first, second loan, mechanical loan, personal loan, IRS lien, .etc. If one of the lien holders is foreclosing on the home, a possibility is that this is what's owned on the house for that loan per tax record. However, I don't think you are going to get the house for that price.
A lot of people get very excited when they see something as good as this, but know that when it's too good to be true, it's probably not true, or at least, you should look really hard on into this.