About two weeks ago, a man approached me about buying a house, which unbeknownst to me, had been foreclosed upon. We are seeing reality of buyers having to be able to afford monthly payments meet the current unreality of them not being able to.
Here are two recent articles on this:
http://www.latimes.com/news/local/orange/la-fi-newochomes,1,3838206.story?ctrack=1&cset=true
http://www.toacorn.com/news/2007/0920/Front_Page/004.html
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