Foreclosures are Now the Normal Market

I believe that the foreclosure crisis will continue through 2015 and maybe even beyond. This is our now normal market. I think the so called normal market of the past is gone for many years to come, unfortunately.  And now the FHA loans with their low 3.5% down payments are the new 100% financing loans where buyers have little stake in the property. Watch for these buyers to start defaulting. The very sad part of all this is that many of these foreclosures (REOs) represent a family who has lost their home.