Foreclosures bring house bargains

According to the Mortgage Bankers Association, foreclosures rose to .99 percent during the first quarter of 2008, beating the previous high of .83 percent. In the same period, delinquency rate jumped to 6.35 percent, compared with 5.82 percent for the three months earlier.

While this hasn’t been good news for many homeowners, the resulting drop in house prices has been good for homebuyers.

To traverse the tricky world of home buying, we encourage you to contact an experienced home buyer agent.

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