Yes, it is to good to be true. The particular home you asked the question from is 1329 Woodhaven Drive in Santa Rosa. The $2233 price was just the amount the mortgage was delinquent prior to going to auction. This property is now a bank owned foreclosure, and is already in escrow. It is a 3 bedroom, 2 bath, 1300 sq. ft. home and they were asking $249,000.
There are currently 5 listings on Woodhaven. 4 are in escrow, and there is a 4 bedroom that just came availalbe, listed for $259,900. It too is a bank owned foreclosure.
If you would like more information on why you are seeing homes priced under $10K, or on other available properties, we would be glad to assist you.
Jerry & Amanda Arend
The Arend Group @ Rita Comstock & Associates