http://www.pnj.com/article/20110619...-set-flare?odyssey=tab|topnews|text|FRONTPAGE
"Banks basically put the word out late last year to stop processing foreclosures until they found out what was going to come of the robo-signing scandal," said Al Muller, president of Metro Market Trends.
Meanwhile, foreclosure actions, far from slowing down, were just piling up in a log jam.
Now, banks and lenders are starting to ease open the foreclosure gates again.
"It's obvious banks and lenders have been holding back foreclosures, and it's also obvious they've got to get back to dealing with their foreclosed properties," Muller said.
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"Banks basically put the word out late last year to stop processing foreclosures until they found out what was going to come of the robo-signing scandal," said Al Muller, president of Metro Market Trends.
Meanwhile, foreclosure actions, far from slowing down, were just piling up in a log jam.
Now, banks and lenders are starting to ease open the foreclosure gates again.
"It's obvious banks and lenders have been holding back foreclosures, and it's also obvious they've got to get back to dealing with their foreclosed properties," Muller said.
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