Great information. Yep, it’s going to get uglier & uglier as the months pass. It’s actually moving quicker than I thought it would. I thought that most of the Banks would try for one more spring-summer selling season at higher prices. As more & more REO’s hit the market at lower & lower prices, people who need to sell will have to compete with them which will start a low price war between the REO’s & private sellers. The buyer will be the winner. Just wait until all of those ARM re-sets peak.