There are so many good deals on the market right now because of people with ARM problems that it seems like a great time to buy if you can qualify for a fixed rate mortgage. Do you have plans to take advantage of the home bargains? I already own a home and plan to stay where I'm at, but if I was renting, I'd be house shopping right now.
Since I dabble in foreclosures I can tell you a person can pick up a house at a very good price if they are willing to do a little bit of homework. While the banks aren't falling all over themselves in helping out the person in foreclosure, they will entertain offers from a serious buyer.
I am helping three people at the moment get themselves out of foreclosure and two of the lenders seem willing to work with the homeowners. Only time will tell but if you are in the market, you are in at the right time.
