There are a few folks who can pay cash on the barrelhead, but they are mighty few
Agreed – however, the Sheriff doesn’t just evict one day out of the blue: folks will be papered to death, they hopefulle now how to read, and the baliffs don’t spontaneously bust the lock and toss the flat screen into the yard without substantial forewarning, in every state. It’s pretty clear when stuff should be abandoned or U-Hauled away, people still confuse foreclosure with eviction, I would encourage no one to freak out about any of this horseshit, but fight it if they want to stay.
To boot this sector 
is only able to get loans on the private market (being above the Fannie and Freddie limits)
It is really very simple – the market for homes in the high-end range is literally dead (unless the property is particularly spectacular and has a premium location.)
