Are foreclosures done? At least in Windemere they are (for now)

My last post (which probably nobody read anyway) said that foreclose are going, going, gone!!!

Well, maybe they're not gone, but there is only ONE bank owned home in all of Windemere as of tonight.

So, out of 47 homes that are currently for sale in Windemere, there is only one REO.

Now, the question is whether there is a boatload of homes waiting to go into foreclosure. If you ask some of the naysayers, there is a flood of homes waiting to come out as the moratorium of foreclosures ends. Or, you can believe the others that say the REO's are done and the rest will just sell as short sales.

I'm actually in the middle. I know there are a few vacant homes waiting to come on to the market, but for the most part, I think the worst is behind us.

Andrew