Don't miss the opportunity. Right now between the foreclosure discount, tax credit discount and interest discount, why wouldn't you buy now? Foreclosure homes have been selling for about 75 percent of the price of regular homes. For instance a $180,000 home is selling as a foreclosure at 25 percent less ($45,000) making the price $135,000. First time home buyers who buy BEFORE December 1, get a $8,000 tax credit so that $180,000 home is actually at $127,000. Rates are now at historic lows. Some economists are saying as the economy recovers the rates will rise.

If you estimate that you are saving $1,000 a year on your loan buying NOW, in six years you have another $6,000 to take off.
To sum it up, that $180,000 home, less $45,00 for the foreclosure discount, minus the $8,000 for the tax credit discount, minus $6,000 for the interest rate discount; that $180,000 home is now $121,000.

Don't wait - you will be sorry!