I guess it should come as no surprise that these guys are seeing foreclosure in thier lives. Note that it doesn't say he's buying up cheap foreclosure homes to flip. He is going into the remodeling business.

http://news.yahoo.com/s/bw/20081117/bs_bw/0847b4109090693045

You have to think that anyone who is averse to risk would stay out of the business of buying a foreclosure home to flip it and resell...

Phil
http://hubpages.com/hub/How-Real-People-Deal-with-Home-Foreclosure