Correction: It was bank owned by Citibank from November 2007 until May 1, 2008, when it was sold to a house flipper. The speculator's attempt to score a double was frustrated, however. and the house has subsequently been foreclosed on by his lender "Freddie Mac" on June 15th of this year.
The current MLS listing at $299,000 is therefore no longer valid, since the flipper who signed that listing no longer owns that house.
Freddie Mac might get around to listing it again sometime this summer.