Should You Wait for Foreclosures to Increase to Buy a Home?

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Foreclosures happen when a buyer can’t pay their mortgage payments and the bank takes back the property to sell on the market. Foreclosures are thought to be a great deal because the banks sell the properties at a lower price generally to just cover the amount left on the loan. During the last great recession […]

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Should You Wait for Foreclosures to Increase to Buy a Home?

Portland Market

Should You Wait for Foreclosures to Increase to Buy a Home?

Foreclosures happen when a buyer can’t pay their mortgage payments and the bank takes back the property to sell on the market. Foreclosures are thought to be a great deal because the banks sell the properties at a lower price generally to just cover the amount left on the loan. During the last great recession […]

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