Gunna get more interesting. A lot of those foreclosed homes owned by banks, are now going to sit vacant longer. In the SE United states, the vacancys are taking a toll on the property. Mold, mildew, structural damage due to utilitys being cut off.Vandalism also is a problem.And who is going to pay the deliguent taxes?That 200,000 home has been devalued, but the mortgage is still there,so who,s going to foot the biggest part of the banking loss?Three guesses, NOT the banks.