Don't know where the foreclosures are?

Massachusetts Sues Five Largest Servicers and MERS

If any investors are wondering where all the foreclosures are, well, read this article. Basically the top banks are under fire with several lawsuits claiming that many foreclosures were illegal. This has caused banks to halt and delay further foreclosures until the issue is cleared up. Although I have not seen TEXAS mentioned, I am sure most states are affected until their lawyers review and settlements are reached. It does not appear that deeds in lieu of foreclosures are affected, and obviously their are some REO properties trickling in to agents, but not many.