Foreclosure Freezes: Will they fix the housing market?

I found this to be an interesting article. It was published on RISMedia and CBS Money Watch early this month.

So will Chase’s and Ally’s foreclosure freeze ultimately fix the housing market? That’s one theory put forth in today’s New York Times. But, I’m not so sure. What will happen in the short run is that all of the banks will put a moratorium on the foreclosures. Law firms that have become foreclosures processing machines in places like Florida, will have a lot of extra time on their hands. Read Full Article.