The lenders with a high count of defaults over 39,000 in Broward county as of  March are not willing to take drastic sale price amounts on there properties just yet . The savvy investor is waiting patiently in the wings as the homes pile up! As the the inventory grows so will the willingness of the banks to start dealing. Is this good? NO absolutely not !  Not if you value the equity in your home. With house values declining a 3% a month and ton of foreclosure property  coming on the market this nightmare will not be over any time soon.It will be a downward turn until 2009 or if the tax relief come are way.