Reading the article above which was posted from Kimberly Miller of the Palm Beach
Post, I daresay you are a little off the beaten path. In the article you commented
‘lenders are more confident in moving forward with foreclosures following last year’s
National Mortgage Settlement, which outlined the process they need to follow.

“They know what the ground rules are,” Blomquist said about the banks. “I think we have
reached a point where the cloudiness surrounding the foreclosure process has been cleared
up.”

It would be so laughable if that were true, but unfortunately it is not and rather sad
since 1) the cloudiness you refer to has not cleared up and 2) lenders are still
maintaining the same procedures as prior to the National Mortgage Settlement. In fact,
Eric Schneiderman, who was the so-called forefather of the agreement, is now filing
charges against some of the lenders who are in clear violation of the agreement in
permitting the same techniques which clearly was the founding basis for the settlement in
the first place. At the same time, there are other AG’s who are similarly filing suits
for the same thing in other states.

Foreclosures ramping up again was just a lull to see just how far the courts would go to
enforce the settlement. Lenders sat idly by, like sheep in wolf’s clothing, waiting for
the right time to commence the slaughter. Since nothing of sustenance of real punishment
was handed down to those who committed the fraud in the National Mortgage Settlement,
they are now more confident than ever to continue down the same path.

Since Realty Trac really has not been a solid provider of real and true statistics, most
people don’t trust their figures and therefore much of what you quote does not carry much
weight in the blogger’s field. Possible remedy: get your head out of the sand!

If anybody else wishes to send him thoughts: daren.blomquist@realtytrac.com