I'm an agent with Coldwell Banker here in LA and I live in Eagle Rock, right next to La Crescenta. The notice you are referring to you posted on Trulia is a notice saying that the borrower is now behind on their payments and the property is in default. A document must be filed by the lender as part of the foreclosure process, and the borrower has a certain time period to bring the loan current. This is the notice that such a document has been filed against this property. Therefore, the property may or may not actually go into foreclosure and come on the market. Unfortunately, there is no property address disclosed on this notice, just a unit number, which leads me to believe it may be a condominium. Please email me at firstname.lastname@example.org if you need any more information or have any questions. I would also be happy to see what other properties may be available in the area & let you know.
Thanks, have a good day!
Coldwell Banker Residential Brokerage