If the listing has the logo for RealtyTrac ...
Then what you are seeing is NOT an actual listing â€¦ it is an advertisement for RealtyTrac.
It is the notice of default for one of the mortgages provided by RealtyTrac OR a foreclosure notice for a trustee sale. RealtyTrac notices can be very deceptive because they give the loan amounts, not the purchase price. When this particular property does hit the market, it will be at market price for the neighborhood.
RealtyTrac is trying to get you to sign up for their service.
The following links may be helpful:
When Is The Price Not The Price?
Itâ€™s Too Good To Be True: REALLY â€“ Top 4 Buyer Myths
If you want to know when these actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.