According to some "experts" now, getting rid of the foreclosures will assist those who still can afford their property.
Well, that is something I have said over and over again for the last five years. When will the investors learn that dragging this thing on and on and on only ultimately hurts their bottom line?
"While some of the 2.2 million loans in foreclosure can still be saved, many are too far gone, they say. Some 37% have not made a payment in more than two years, while another 34% have not made a payment in 12 to 23 months, according to Lender Processing Services."
If we had some realistic timelines to disposing of property that has been foreclosed upon, or is in a short sale, we could reasonably expect that the market might, I say might, recover a lot sooner.
What are they waiting for? Move the short sale process along, get the best price you can get, and get the properties off the market sooner rather than later.