Wow.... That is terrible. I, too, feel really bad for those folks. 
No regulations require that banks let homeowners know when they change their minds about a foreclosure. - This is a load of crap. Ohhh we'll send you a letter to tell you we're foreclosing, but at least the owner knows that's coming since they haven't paid in x amount of months. But no followup when they have stopped the foreclosure process?! And then that these people are then left responsible to clean up the mess.
True Sooper...I believe that there is a strong correlation (not scientific...so no data to back this up, just intuition and logic) between the turn around time a foreclosure comes back onto the market and the area it is in (ie, the amount of $$$ it can fetch). The more in demand the area is, the faster the turn around time. And it makes sense that these homes must be worth less than the amount to foreclose, otherwise they would not end up in such limbo...
But then, even if it is a shack in the middle of Timbuktu, it was still someone's shack...sad to be that someone though...
