The house was purchased back in '91 and looks to have been refinanced in '93. The house itself has 1,022 square feet and the lot is 11,491 square feet. It has 60 feet of frontage.
The reason it seems like a very low price is that Realty Trac will show the notice of default (NOD) and the number you see is how much they are behind on their payments. That is not a sales price. In most cases, when a home shows up on Realty Trac and then places like Trulia, it is the default amount that shows. The homeowner generally is already in the process of a loan modification. In this case the tax rolls shows that the mortgage is about 100k. That means that unless he took out equity in the last few years, he will be a good candidate for a loan modification or refinance.
I have also found that there are some homeowners that will not discuss a short sale and they ride the property until it forecloses. That is not a good idea but some do it out of frustration. So there is no guarantee that they will even want to talk about selling.
Let me know if I can help.