tbaumgartner66: You have been "RealtyTrac'd" !!
RealtyTrac's primary objective:
Separate you and the Dollars in your wallet on a monthly basis for information any RealtorÂ® can provide you for FREE.
RealtyTrac is not a "distressed property MLS", they are simply using Trulia to take public record notices and syndicate the information to the web. To the uninformed this looks like the home is being sold for cheap. Less than 30% of RealtyTrac listings are actually for sale: http://docs.Steven-Anthony.com/RealtyTrac30.pdf
With this property, as so many times is the case, the bank has taken back the asset and will most likely sell the property using a RealtorÂ® with access to the local; and, as it turns out, the national MLS system (more on this below).
Distressed property is almost always sold via RealtorÂ® MLS systems to provide the widest exposure possible. The remainder is sold directly to investors via "portfolio purchases" where multiple homes are sold at once, public auction on the County courthouse steps via a Trustee Sale, or via private auction companies.
If you are in fact serious about purchasing I would respectfully suggest work with a RealtorÂ® to get set-up with a true MLS automated search. This will be much more useful than spending your time own trying to find â€œa dealâ€ only to find out in the end that itâ€™s not a true listing.
If you are still teetering between buying or are just into researching the market there is an alternative:
MLS Data Accuracy â€“ Where to search if youâ€™re â€œwithout RealtorÂ®â€