Actually we have pretty much just as much information as McAllister does. Of course defaults and trustee sales have declined over the past few months. In fact they have declined DRASTICALLY, approximately 60% due to the legislation passed last July.
There is nothing surprising nor shocking.
What will be kind of interesting though is now that the lenders are basically being forced to let people live in homes for free will those same people who default on property taxes be allowed to stay as well?
