Quote Originally Posted by Pembroke_Corgi
We found the perfect house- it's in a great neighborhood (it is in the best school district in the metro area) and only 5 minutes away from my job. Since it's a foreclosure, it's also about $50,000 less than most comparable homes in the neighborhood. The best part is that we can actually afford it- the mortgage even with taxes and insurance would be $100 less than our monthly rent!

We had our real estate guy put in a bid, and we will find out next Tuesday (01/29/08) if ours was the highest or not. I am keeping my fingers crossed but trying not to get too excited. It's very possible someone else will have more cash to put in a much higher offer. But we will see!

This does sound like you might have found a good buy. I'm especially pleased that it is close to your work as sometimes people forget (not that I'm thinking of my step-daughter or anything) that commuting expenses have to be factored into the equation.