It happened like it was supposed to. My son and his bride got their mortgage.

They purchased their first home and it all went through without a hitch.

I do not lie.

The reasonable purchase of a home is still possible. They were anxious about nearly everything in this market, but, there are more rumors than truth. They had not one problem in the entire process. I am very proud of him. He protected his credit and still has a job as does his future spouse and they are living the dream. It is a home that was a foreclosure house, more house than they would have been able to buy in a 'normal' market, but, it was not an auction, it was purchased in all the traditional venues, through a realtor.

Let's hope it continues as smoothly as it started.

NEW YORK, NY (click title to entry - thank you) - In December 2008, improvements in home affordability and low mortgage rates contributed to a 7% year-over-year increase in home sales in the 25 metropolitan statistical areas (MSAs) tracked by Radar Logic Incorporated. According to the December 2008 RPXTM Monthly Housing Market Report released today by Radar Logic, transactions increased in 14 of the 25 MSAs, with the largest increase in metropolitan areas where sales of foreclosed homes constitute a significant share of total transactions, particularly Las Vegas, Phoenix and the five California MSAs covered by the report. Sales of foreclosed homes by financial institutions, together with sales to third parties at foreclosure auctions, increased 177% in the 25 MSAs between December 2007 and December 2008. Over the same period, all other sales decreased by 17%....