Is this the real reason foreclosures have slowed down?

If you read my blog regularly, you know I have commented that there haven't been as many foreclosures in Charleston (or even homes in pre-foreclosure) in the past three-six months as there were the prior six months.  I've speculated about the cause of it - bank backlog, overload, robo-signing problems...but I didn't think about this reason until I caught this article today from Forbes. U.S. Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages. You don't have to read any further to understand that there might be a squirrely reason behind the slowdown.  But here's an excerpt. They ...click to read more...
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One Response to Is this the real reason foreclosures have slowed down?

  1. Wow… All I can say is wow…. it seems like everyone is in “survival” mode. … just doing whatever they have to do to stay afloat. Well if they can send Martha Stewart to jail.. then these bank CEO’s should go to for this. .. . . if the get caught.

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