If house prices continue to rise (even incrementally, let's be conservative and say 3% per year) then foreclosed property is unlikely to be sold for less than 90% of its original purchase price? That's assuming a 10% deposit which is probably what a lot of properties are being loaned against.
Youd think the property owner would be more likely to try and see the property at minimum breakeven prices?
If house prices continue to rise (even incrementally, let's be...
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