banks stop foreclosures: Will Stopping the Foreclosures cause a Slower Housing Recovery? - 10/14/10 03:38 AM
Will Stopping the Foreclosures cause a Slower Housing Recovery?
 
I completely understand why they have stopped foreclosing on houses until the major banks are able to put procedures in place that are fair to home owners and to the states' economies.  One thing I am not sure about is whether or not the banks will go ahead and continue the foreclosure process on houses that are sitting vacant.  If the owners have already left the premises, then these houses need to go ahead and be sold so that the market can begin recovering from these low sale prices.
Everybody knows that we cannot experience a sustainable housing recovery until … (0 comments)