Foreclosures for pennies on the Dollar?

After 5 years of record setting apreciation causing areas to increase as much as 400% between 2002 – 2006 it struck me odd at first when I put the subject line “Foreclosures for Pennies on the Dollar” on a marketing piece. At one point I remember the cavalier speculators compacent in the days of 20% appreciation counting on its buffer to marginalize negative cash flow. How were most so remiss to our boom-bust reality. In the greatest country on earth we have minimized stagnant periods but amplified volatility creating millionaires and even billionaires at every spike.
Now because of our banking relations we are picking up foreclosure and reos properties for 10 – 40 cents of current market value, which has already tumbled in most areas. I am watching the SEG REO Program make millionaires while the masses are paralyzed with fear. Why can’t we sober the sheep to opportunity knocking at the door?
The answer is we are trying every day to erase retirement proverty one client at a time. jph