On Inman news there was a great video about the foreclosure situation throughout the country. Rather than copy and paste it here, I just figured I'd provide the link to the article I wrote. There you'll find links to inman news, plus a few other links in the article, including the real estate roller coaster, which I've used with homeowners - great for FSBO's.
http://www.tommcgiveron.com/real-estate-foreclosures-solutions/
Hey Tom,
Thanks for the heads up, as we all are right now, I too am into the foreclosure market.
Take care!
RJH