I was loan officer (lo) for a while during the recent refi boom for a couple of different companies.  

To collect on a certificate that had not been paid off, before 7 years when it expires, you have to apply to the tax collector to send the property to a tax deed auction.

There is a huge demand for lower-priced housing with the growing university and manufacturing boom happening out off of USA Parkway (for those familiar with the area).

Especially if this is a boom area like FL, CA, or Las Vegas.

As we see, China is booming.

My name's Josh.Currently I live outside of Philly in the booming borough of Conshohocken.

Check out California's Mortgage Foreclosure Consultant Act at Civil Code 2945.4(a): "It shall be a violation for a foreclosure consultant to:(a) Claim, demand, charge, collect, or receive any compensation until after the foreclosure consultant has fully performed each and every service the foreclosure consultant contracted to perform or represented that he or she would perform."

Prices were sky high here well before the dot com boom and bust and depending on neighborhood, not only are those prices still supported but they continue to rise.

At the risk of overkill, I might point out one more factor that does point toward losses of equity values in the long term in the area of Alt-A and even prime becoming far more staggering – appraisals for sub-prime loans were highly scrutinized, even during the refi boom.

You will discover that after a typical housing boom, it takes about 2 years to reach the bottom and then another 8-10 years for inflation adjusted prices just to reach their previous highs.