It looks like servicers are coasting into the HAFA/short-sale era, which officially begins April 5th. Here are the foreclosure stats from the last 12 weeks:
My guess? The HAFA package will encourage borrowers to pick a lane – either loan modification or short-sale. But there are probably enough strategic defaulters to keep it busy down at the court house steps, but so far there have been very few quality properties at attractive opening bids. I’m checking the list everyday, and I haven’t gone down to the ‘steps once this year!