I have recently heart that 23 to 30% of all ...

Banks know they made a big mess in the housing market not only ther but apartments ,condos,commercial aswell. They needed to come out with something quick and no research of price reduction and interest rates down. What 2011 brings will be interesting to see,u have many points but ther are new programs comming out meaning loans .The home payments are low that y wouldn t you buy ?If it goes up or down 30 yr fix loan and u got a great deal on a home that back then u hoped of having but the payment was to high now you could have ur dream home .Low class ,middle class,high class,no matter what class d people r you have the right and the appourtunity to raise your famaly in better neighborhoods that you imagine you could never have ..We should of seen it comming the houses go so up .How about all of those people that cashed in all that money .Nobody said nothing or you heard much of now that they drop all of a sudden thers panic ,people wer alert  of ther payments ther 2 loans and ther interest rates they still bought at that price ..We blame the banks and yes i agree in some as far as d loans how they qualified back then and all this banks came on board to give out loans.Then they shut down bankruptcy..But at the same time we the people let it happen we r responsible for are actions and decesions and letting this get out of hand . Nobody forced no 1 to sign on the dotted line homes are a gamble  like poker you dont know what hand will get delt for you . Fix the problem that we got r selves into first and then worry 2011.How about all that people who refinance and took that money out or people who sold at market value back return back those earnings and make everything right ..Now the government has to move in and fix r mistakes people dont like it and disagree but we  did a hell of a job aswell as d banks ..Interest rates have been going up and down homes have 2 is just new for the new generation this happen back in the 80 s a dont know if u remember it hit even harder back then and before the 80 s is that know we got to experience it 1st hand.. Will be alright just need to move forward and work harder and smarter .I hope that sort of help..Good luck and  lets see what happens 2010.. 

Why buy now? For starters, you can buy a foreclosure property at a bargain basement price.  It appears that property values have finally stabilized in most of the country and real estate prices are actually rising in many cities now. Bernanke recently declared that the recession is over. The stock market is up over 50% from its March low.  Your question implies that banks make money on foreclosures. On the contrary, banks actually lose money on foreclosures.