“(1) More homeowners are magically finding money to cure their default;
(2) Loan modifications are kicking in;
(3) Lenders/servicers are so overloaded that they’re falling behind in issuing Trustee Deeds.

Since Notices of Default have been flattish for the last couple of months, I suspect it’s a combination of both (2) and (3).”

I thought the same thing in my explorations….I am not sure I poses as factual information as everyone else on this forum and am not as savvy……but I am no slouch….I did sort of time the realestate market…..haven’t bought yet though……..

A house I was REALLY interested in is STILL not on the market and it foreclosed in OCT. and is sitting empty….