Avoid Foreclosure Market Until the Dust Settles
For more: http://nyti.ms/8ZrE8w
For years, Todd Phelps and Paul Whitehead had been living in a rent-controlled apartment in Santa Monica and waiting out the housing bubble in hopes of buying a weekend getaway in the Palm Springs area. And on Sept. 10, they thought they had finally done it, getting a house for $137,000.