Good answers! Just an FYI. Judges are now stopping foreclosures if the lender has not attempted to modify the loan for the borrower. No matter where the property is in the foreclosure process, I highly recommend an attempt to modify and if for some reason the owner does not qualify to modify, then a short sale is a better alternative then foreclosure. Remember, foreclosure is a judgment, it's not a forgiven debt like bankruptcy. It's far more damaging then just a negative credit score. I predict collecting on foreclosure judgments will become big business. Doctors, lawyers, and high level professionals have all suffered with foreclosure. As people get back in the black and back on their feet, their going to be smacked in the face with the bad debt.