Foreclosures Creates Boon For Homebuyers

Eric Adams remembers well the surge of foreclosures that occurred when Utah's economy bottomed out in the 1980s.

Banks were pushing foreclosed properties onto the market in hopes of recouping their losses, glutting an already depressed market.

In some ways, Adams, a Realtor with ReMax Results in Provo, said the current mortgage crisis is far worse. In 25 years of doing foreclosure sales, he's never seen more foreclosed homes for sale.

Click Here to Read: Foreclosures Creates Boon For Homebuyers...