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Old 03-27-2007, 05:48 PM   #1
metallicat
Franchise Player
 
Join Date: Dec 2003
Exp:
Default 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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