In today’s flagging housing market it’s easy to envy renters — they don’t have to worry about paying for home repairs, home owners’ association dues, or property taxes. On the other hand, they do have to worry about throwing their money away month after month, while they’re not building equity. But, many renters may soon join the ranks of home owners by buying up foreclosures.

Purchasing a foreclosed home seemed like a smart investment when the housing decline was in full swing last year. But, as homes prices stabilized, more home buyers turned their noses up at buying foreclosures, mostly because of unknown fees associated with the sale. In fact, a RealtyTrac/Truilia.com survey of potential home owners found that more than half of respondents aren’t interested in foreclosures.

Full story is available on Military.com