Unfortunately here in Canton GA -- in the greater Atlanta area -- we are not really seeing a slow down in distressed properties.  Of course this is good news for buyers -- the rates are still low and there is much inventory to view.  As far as the big picture of the economy goes however this is bad news.  Much discussion among us has brought out two answers as to why our area is still so foreclosure-ridden.  Many realtors point to the fact that Canton, Holly Springs, Woodstock and Ball Ground were inundated with builders during the early 2000's boom and therefore became very overbuilt.  The other reason that pops up in the discussion of Atlanta real estate is the job market.  Evidence is pointing to this being the last year of such enormous numbers of distressed sales -- we are all hoping that it is true!