"Given the high costs of a home transaction--title, escrow and points, plus the rent you pay in the interim--you may break even or lose money while waiting on the sidelines, " warns Robert Bubnovich , a financial planner in Irvine, Calif.
Title companies, meanwhile, will be leery of insuring any transaction involving a foreclosed property in Massachusetts, making it harder for buyers to obtain mortgages and driving prices down further.