Foreclosures rise 14 pct so I'm making offers

I'm making a low ball offer on a REO in Pekin today. OK, I know all I have done is posted on Foreclosures lately but come on, it all over the news:
The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory.
http://rss.cnn.com/~r/rss/money_topstories/~3/344682992/index.htm

Reuters - Home foreclosure filings rose 14
http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/nm/20080725/bs_nm/usa_economy_housing_foreclosures_dc