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Are REOs ready for a comeback?

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Plus, more on the future of Fannie and Freddie
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Foreclosures take a toll on the Midwest

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And if you want to feel even better about foreclosures? The numbers last year were down 36 percent from the all-time high year of 2010. In that year, RealtyTrac counted 2.9 millino properties with foreclosure filings against them.

The news wasn’t all good in the Midwest. Illinois saw a 33% increase in foreclosure activity in 2012 when compared to 2011. Indiana saw its foreclosure activity jump by 46 percent.

In better news, foreclosure activity in Michigan decreased 23% in 2012.

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