As the economy has slowly slid downhill, the tough conditions have made it much more difficult for many home owners to keep up with housing payments. This is especially true in resort areas where many of the houses are primarily used for vacation purposes. Foreclosures in Mammoth Lakes are a great opportunity to pick up a bargain on a valuable piece of property.
The first thing to do is to make sure you know exactly what kind of price range you can afford for a house. Unless you are a cash
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