Brain, we just helped our daughter and family get into a "new" house in Gilbert, AZ. The price had originally been $350,000, but they were able to get it for less than $200,000 because the bank foreclosed on it.

Apparently the guy who built it 25 years ago, jumped the gun on getting into a new place.

DD's new neighbor says her son would love to move into that neighborhood, but he can't take advantage of the lower prices b/c he can't sell his old house. Such a Catch-22 situation for many. But it sure worked out good for our daughter who was renting.

I'm just sayin "Be Careful!"