February 12, 2012

Low-priced foreclosures incite bidding wars

Low-priced foreclosures incite bidding wars

After months of looking at homes and being outbid at least 15 times, first-time home buyers Lance Thorson, middle, and Kelli Thorson, right, with 2-year-old daughter Mia, are now making offers on houses before they even see them.Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It’s already happened at least 15 times.