HSBC has joined the ranks of banks that have halted foreclosures while under investigation of their foreclosure practices.
This will most likely be temporary as most of the previous halts wer temporary as well.
The reality is almost always if you haven't made your mortgage payments after a year or so, you will most likely get foreclosed on, some may get more time in their home some less.
These halts may give a temporary drop in some markets with regards to their "on market" "available" homes for sale.
It most likely will ad to delays in the housing recovery in many markets, unless they do the "hold back" of their inventory and don't "dump" it all at once. (JMO)
Summerlin Short Sale Agent, North Las Vegas, NV short sale agent
More about me... Dawn Barrier @ Century 21 Realtor®
HSBC Halts Foreclosures in U.S.
Dawn Barrier EXP REALTY Las Vegas (702) 812-4550
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