Recently I attended a CLE which addressed the changes to the Foreclosure Fairness Act to take place in June 2012.
One of the trends that housing advocates see is the unfortunate realization that delinquencies will continue to increase. As a result, there will be more mediations between homeowners and lenders.
In addition, there will be an increase in short sales, loan modifications and deed in lieu of foreclosure. Also, there will be an increase in litigation resulting out of trustee misconduct and loan modification scams.