From the article: Mr. Su is a real-estate consultant and a former REO broker.

Maybe whomever submitted this article should have titled it: "Foreclosure helps real-estate consultants and brokers"

Basically what it boils down to is that there needs to be a smaller gap between cost of ownership and rents in an area. Diminishing this gap will reduce the "power" that 99.9999999999999 percent of real-estate people have leveraged during the last eight years.

The only way to reduce this gap is by paying people in the real estate profession less: get them to divulge their pay in dollars, not percents. Unfortunately, with the current "mortgage meltdown," people in real estate are the first ones getting paid! Whether a home is getting foreclosed upon or simply just "sold," Realtors always get paid. I studied their games. I know how they play it.

When I see the words "clean" and "capable" to describe markets and new buyers of forclosed properties, and the word "evil" used to describe loan modification, I think that: 1) clean is the opposite of dirty. The unfettered market is clean, he says. 2) capable. Who doesn't want to be in that category? Capable! Yes. I am capable. And THAT is the reason (sigh of relief) that I am not being forclosed upon. This article says: "loan modification is not only ineffective, it is evil." So. If you're incapable...don't come crying to me. because it would be evil to offer help..... "Get a job.", then. Thanks Rupert.