My wife and I are lookign to get a new house in a few years. I will be looking for repos. Truth hurts but, my wife and I live a 90% of our means. We save the rest, for months that get rain if you know what I mean.
"My wife and I are lookign to get a new house in a few years. I will be looking for repos. "
Well, save up as much as you can, and don't be in a rush. If there's a downside adjustment in your market, you'll find bargains for a while, anyhow.
If you do choose a repo, try to find out who owned the house before and where they're at now. There have been a few bad stories about people moving into repoed houses and having the disgruntled previous owner giving them trouble.