July 14th, 2011:

According to many sources, the banks are now “gearing up to play catch up” … After nearly a year of stalled foreclosure actions resulting from the “robo-signing” debacle last year, most lenders are now ratcheting up their foreclosure efforts. This will have some impact on the market as the REO inventories increase nationwide. Some markets had actually been seeing decreases in overall inventory levels.  This may soon change.