ARE FORECLOSURES SLOWING DOWN?

It depends on who you ask.  It looks like there is a smattering of both foreclosures, REO's (Real Estate Owned) and short sales.  But I like traditional sellers who love their home which reflects their attention to its ongoing maintenance.  There are no surprises such as mold at the end of escrow and no unreasonable delays in closing escrow.  Of course, it is the responsibility of the buyer to do their inspections but the result is limited to what the home inspector can detect without dismanteling the structure.  What do you think is an REO worth the gamble?