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What is the state of foreclosures in your area?

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Editor's note: The following is a collection of real estate professionals' responses to a real estate-related question. QUESTION: What is the state of foreclosures in your area? Chuck Willman Real estate agent Gentry Realty Mesa, Ariz. Foreclosures in the Phoenix area have continued to increase. The moratorium put a slight dent into the numbers, but now they're back and so are the investors. We have actually shed a great deal of inventory in recent weeks. Homes are selling more quickly than in previous months and prices are beginning to rise in certain cities.Of the homes that are listed, many are short sales. So if the buyers want a home they could wait a while to see if the short sale is accepted; they could put an offer in on a bank-owned property -- or they could buy at the courthouse steps. This last option has heated up tremendously as speculators are noticing the upswing in the Phoenix market.  Duke Kimhan Principal brokerRealty Experts HawaiiAiea, Hawaii H...