This pie chart clearly shows where we stand as far as the foreclosure market.   National statistics indicate that foreclosure sales will account for 20% of the sales over the next two years.   We are not out of the woods yet, but doing much better than previous years.   This information came from an article posted on Forbes.com titled "Have All The Bad Loans Already Been Foreclosed?"   A great read if you have interest in learning more about the status of foreclosures.