Fiancee and I are looking for a house around $250,000 in the Dallas Fort Worth suburbs - 2 we liked dropped $10,000 and $15,000 THIS week, banks will be flooded with them in Sept - may get a house and a lake house for that price.
> banks will be flooded with them in Sept
Yep. Take a 3 month deferral, lump sum due, collapse, and then another couple of months to foreclose/short sale/evict.