There was a great article on CNBC.com about High End foreclosures by Diane Olick.

"I heard a startling statistic from the National Association of Realtors this morning...no not that home sales are actually increasing, but something about the high end of the market. Chief economist Lawrence Yun said that the supply of existing homes for sale over $750,000 has reached a forty-month supply. Yep, that means it would take well over three years at the current place to sell off all of those homes."

For the full article about high end foreclosures click here.

Being out in the field showing and listing properties, I can definitely agreed with this article.  There are plenty of high end homes on the market, and the deals keep getting better and better. Here are some of the available luxury foreclosures on the market: