What's Happening in the Foreclosure Market Today?

[Joshua Dorkin]

Hey all . . . I had a few questions that I was looking for your insight on. Please feel free to share your thoughts on the various subjects.

1 - Are you seeing a settling of prices in foreclosures (REOs) right now?
2 - Are banks letting their inventory loose or hoarding it?
3 - What types of properties are showing up at courthouse auctions these days? Are most of the homes so far underwater or lien-ridden that they are not buyable in auction format?
4 - Where are the best foreclosure bargains? (Or are there any?)

I hope to hear your feedback!