Florida Foreclosure Help in Hollywood, south Florida short sales

What effect are short sales and foreclosures going to have on house prices going into 2011?
Currently, prices are still sliding, despite the lowest mortgage rates in almost 60 years and prices that are back to 2003 levels – at least in south Florida.
Nationally, 23 percent of mortgage borrowers are under water, that is they owe more than their house is worth.  In south Florida, that figure is even higher 30 to 40 percent depending on the report.  No wonder so many people are doing short sales or letting their home …