Are Foreclosures Getting Under Control: Is It A Fantasy

"Foreclosures are down for seven straight months on a year-over-year basis, but this is more likely a result of slowed or suspended foreclosure processes because of the robo-signing crisis than the result of improving economic conditions. The foreclosure mediation program has been successful in reaching an agreement about 75% of the time, in 6,086 of 8,080 cases that went to mediation. As of yet there are no figures that show how many of the modified loans go back into foreclosure."