This house is on Trulia through Realty Trac. Realty Trac pulls information from public records for homeowners who have been served "pre-forclosure" or lis pendens notices. They post these on Trulia as a ploy to get you to sign up for their services.
This does NOT mean this home is, or will ever, be for sale.
The "listing" on Trulia even has the following two warnings:
"Notice of Default. This property has started the foreclosure process because a loan secured by the property is in default. The borrower/homeowner still has the opportunity to stop the foreclosure by catching up on defaulted payments or paying off the entire loan balance usually by refinancing or selling the property."
"Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance ".
Actual foreclosure purchases (sheriff sales) are subject to several strict rules. You usually need 20% down at the sheriff sale the day of purchase, and the balance of the purchase prices is usually due within 30 days of winning the bid.
Here's the website for Union County Sheriff sales:
NOTE on the first page it says :
"The successful bidder must pay 20% of the purchase price in cash, certified check or approved money order at the end of the sale. They must also sign an acknowledgement of the purchase conditions and indicate who will prepare the deed.
If the balance is not paid within 30 days, the buyer may lose his or her deposit. Additional time is not granted to the buyer to obtain a mortgage."
Sheriff sales of foreclosures are usually totally as is sales, and often times you cannot even get into the property to see it's condition.
If you are looking for a home in the Plainfield area, I can definitely help you. Feel free to contact me so we can discuss your needs with no obligation. 908-675-0167