I'm scared. They haven't told me anything.

Our mission has always been to help investors create win-win scenarios that benefit both the troubled homeowner and the investor. The owner in distress saves some equity for a new start, and the investor realizes a profit on the resale of the home. That's far better than having the owner lose everything in an auction on the courthouse steps.

Other Florida cities are showing similar price profiles, with the biggest inventory buildup on the state's West Coast. That buildup will lead to increased time on market and put more downward pressure on prices.

The median home price in Boston fell 4.5% over the last three months. In Washington D.C. prices were flat over the last 30 days, but down 5.4% over the last 90 days. Realtors outside Manhattan in New York City report a shift to a buyer's market.

We teach our investor clients the fundamentals of successful foreclosure property investing, and show them how to create ethical win-win scenarios that benefit both the troubled homeowner and the investor. Our method enables the homeowner to conserve some equity for a new start, while assuring the investor of a reasonable profit on resale of the home. That's a much better solution than seeing the owner lose everything at auction.

As these markets cool down, we'll begin to see mortgage defaults increase in 2006.