Assumable mortgages, foreclosures...
The story goes I wanted to buy a house last year when prices here in Edmonton were relatively affordable, but I didn't. Now the market has gotten out of control, and buying a house has become next to impossible.
A few people have mentioned to me the possibility of assuming a mortgage, or a foreclosure of some sort? Does anyone have any information on that? Can you get into houses that have been half-way paid off for example?
Just anything general would be appreciated.
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