"The New Normal" - Part II - Major Banks Halt Foreclosures in 23 States; Other Lenders Ordered to Review Processes in Widespread Allegations of Fraud

The "New Normal" in housing?  Expect unanticipated consequences. 

In the Charlottesville / Albemarle area and surrounding counties, bank-owned foreclosures typically sell quickly, within a few days of listing (especially single-family homes), because they are usually 10% - 50% less than privately-owned "comps." But:
What if the house is foreclosed...and then the mortgage holder discovers the