too many... most who bought at around late summer 2005
in most US markets are having a paper loss, and/or have to carry neg cash flow for an unforeseeable future,
sometime it's not as obvious only because re assets, unlike stocks, don't have a tick-to-tick pricing and the owners are often not willing to assess the real market conditions out there,
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just as a side note... Mr. Trump is advertising on how to capture opportunities of the next wave of "trillion dollar foreclosure business".
always market by market, always case by case,