The foreclosure freeze is just another market distortion that prevents participants from determining a house’s real value. E-Z Credit was the last one, now we’ll get foreclosure freezes, principal reductions, etc… on and on and on. The banks and government and of course the idiot speculators don’t want these assets to return to their real value so they will resort to ever-more exotic and weird shenanigans to prevent this from happening. These will go on as long as they can possibly get away with it. When this foreclosure freeze expires you can bet that there will be lots of pressure to extend it.