You could buy anything there ... a full-service store with a meat market and everything. My dad provided jobs for kids.

There are a lot of people who would build there if they'd change the flood zone. There are a lot of houses over there that could be renovated, but the banks are reluctant to lend money because of the flood plain.

They don't care. If they cared, they wouldn't let what their parents worked so hard for fall down.

Every morning after all the absentee reports were in, he would leave walking and go to your house. If they were supposed to be in school, before 12 o'clock he'd find them and tear their butts up and they'd be in school.

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.