why so many Foreclosures?

[Diane Stinebaugh]

Hi everybody!  I am full of questions.  Why so many foreclosures in our hot market?  I noticed some house are under contract in a matter of days and others are going into foreclosures.  Could a foreclosure be a good deal?   

I was looking at the Rogers market, as was suggested by colleagues here on BiggerPockets, and noticed there seems to be a lot of them!  Maybe it's normal?  

Diane