Bank Foreclosure Fiasco: Short Sales Are Much More Complicated Now | U.S. Financial Post: "When Will the Short Sales Resume
The Moratorium will buy people in foreclosure proceedings a few extra months in their home. The investigations will not stop short sales altogether, but it could put the banking industry in a financial bind until the investigations clear. Most people whose homes in foreclosure will not find permanent reprieve from the foreclosure. Even if the state governments find the procedures were not properly followed, it will not stop many people from losing their homes. Many people are actually behind on their homes and cannot start making payments gain to catch up on their late payments."