The amount that you see is not the price for this property. The posting is from Realty Trac which is a reporting service that is telling you that a notice of default has been filed. The amount has nothing to do with the current value of the property and is not an indicator or its price or even that the property if for sale.
If you are serious about buying real estate, I suggest that you contact a local Realtor in the geographic area of your interest. Chasing information about properties that you cannot buy is a waste of time. Working with a Realtor who can help you to buy what is really available is the way to go.
If you are stumped when it comes to finding a Realtor, check with people you know for a referral. Good sources are your banker, your insurance agent, your friend or co-workers.