This home is not currently listed for sale. I could contact the homeowner and ask him if he would be interested in selling his home.
The homeowner could be behind in his mortgage payments, and may be working out a re-payment plan with his mortgage company. With such a low balance on the loan, it is probably a home equity loan or a 2nd mortgage.
This home is located on a 5 acre tract, and depending on the current condition of the home would be valued around $300k
Please let me know if you have any other questions.
ERA Select International
From what I can gather on this property you need to register with the link and get the remaining information before you will know which situation you are dealing with.
I'll be glad to help track down the information if you want to pursue this particular property or other foreclosures in the area.