Hi Jim, if you want a reliable source for property that is actually for sale try http://www.Realtor.com (you've been "RealtyTracked"), which automatically loads listings from all MLS'. Of course, if you are seriously looking I can also set you up with an automated search agent that delivers targeted candidate properties directly to you as they are loaded into the MLS.
If it sounds to good to be true, it is. The real estate market is efficient, there are many good values right now. We are seeing properties that are cash flow positive all throughout the Silicon Valley.
What you are looking at is not a listing - it is a notice of foreclosure from RealtyTrac. The house will not be available for this amount. Click the link below to fully understand how these notices work: