Foreclosures have become a drag on the real estate market.
Nationally, foreclosure filings nearly doubled in the last year, up 94 percent in October 2007 compared to October 2006.
Don Earman of CTX Mortgage in Harrisonburg says one cause is the mortgage industry really relaxed its standards and special mortgages showed up.
"Loans with people that had bad credit. Loans for people that did not verify their income, did not verify their assets, so on," says Earman. "And it just allowed people to buy that could not have bought in the past."