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About Me (Kristin Walker)I am a full-time Realtor specializing in all of the neighborhoods on the Charleston Peninsula as well as a few other bike-friendly walkable areas. I love what I do! As a Lowcountry aficionado, an outdoor lover & a foodie, I also enjoy unique architecture and things that challenge and inspire me.
How to Find Me843-412-3333 if you like to talk. email@example.com if you prefer to type.
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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...