Foreclosures

A good article on the current state of foreclosures.  We still have a ways to go; however, the window won’t be open forever.

http://news.yahoo.com/s/ap/20100916/ap_on_bi_ge/us_foreclosure_rates

“Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.” 
“August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis.”
“That’s one reason fewer than one-third of homes repossessed by lenders are on the market, said Rick Sharga, a senior vice president at RealtyTrac.”