For many, the American Dream still means owning a home. The home ownership rate in the U.S. fell in the fourth quarter of 2007 to its lowest level since the beginning of 2002--this from a record high in the middle of 2004. What is more alarming, however, is that the home owner vacancy rate went up 2.8 percent. The bulk of the vacant homes are foreclosed homes. Among such foreclosed homes are Department of Housing and Urban Development (HUD) homes that have come into HUD’s possession as a result of Federal Housing Administration (FHA) loan defaults.