I agree with Lynn.  I think foreclosures will continue to plague us through 2008 and the effect that so many foreclosed homes will have on the communities will be a problem through 2009.  As those start to become owner-occupied, I think we will see things improve.  If they don't become owner-occupied, and they get snapped up by landlords as rental units, it could take longer to recover. I think we will see some normalcy in 2010, but still not what many might expect.  I don't think we will see day's like we had during the refi-boom for many years to come. 

It will be particularly difficult for abstractors and I don't think they will see the same improvement that the rest of the industry will experience.  Too many "alternatives" to traditional abstractors: automated abstracting, searches imported from India, online searching, etc. 

Best,
Robert A. Franco
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