Fewer U.S. homes are being foreclosed upon -- are you surprised?

How about just plain No. Banks are doing more short sales.

Typical slanted question from MSM. Why not tell the real story for a change? Even Diana Olick had to come clean.

[..]Why all the declines? Unfortunately it’s not an overall improvement in the housing market, nor an increasing ability of borrowers to stay current on their mortgage payments.

“Instead we are seeing unprecedented government intervention into the foreclosure process, leaving underwater homeowners in limbo, while stealing opportunity from investors and first-time buyers,” says Foreclosure Radar CEO Sean O’Toole, who cites new legislation in Nevada which brought foreclosure activity to a near halt, and similar pending legislation in California. “The reality is that these laws don’t solve anything, as they fail to address the real problem—negative equity – while instead they punish real estate professionals, homebuyers, and investors far more than the banks they were aimed at,” argues O’Toole.

The recent $25 billion mortgage servicing settlement between the nation’s five largest lenders, state attorneys general and the U.S. Department of Justice, has sent servicers back to the drawing board on many thousands of delinquent loans and loans that were already in the foreclosure process. Bank of America [BAC 6.98 -0.13 (-1.83%) ] alone has suspended 200,000 foreclosure actions, as it offers principal reduction modifications to comply with its $11 billion share of the settlement. [..]

The economy has been turning around for a while. I lost my home after my husband passed away. Things started going down hill at the end of the Bush administration and improved slightly during the beginning of Obama's term. Unfortunately for me, because I didn't fit into a category of either rich or poor, I lost out....BUT, by the time I sold my home as a short sale to avoid foreclosure, things were turning around thanks to the President. Obama has done a lot. I know first hand. Bank of America really put the "screws" on me when I tried to refinance when my husband was diagnosed with cancer . It took forever and the bank said to stop paying for 3 months and then they would restructure my loan. I did that and instead of restructuring it so I could make payments while my husband was hospitalized, they slapped a foreclosure on me. it wasn't until Obama came into office and made some revision loan laws that I was able to avoid foreclosure and do a short sale, which saved my credit. So I have to say, thank you to Mr. Obama and no thank you to his predecessor. He continued to help average Americans like myself after I finally got out from under a loan where i owed more than the value of the home due to a recession that happened while Bush was still in office. People may say they disagree, but you didn't struggle or scramble to pay all your bills and take care of a dying spouse, all while working and trying to keep your kid in college. The president also did not let them take away academic scholarships which allowed my son to graduate Cum Laude all while things were slipping away financially due to mounting medical bills for my husband. I know things are still difficult, but I feel Obama did a lot to improve the mess he was handed and because of what he did, my son graduated college and I saved my credit and good name and landed on my feet after a the tragic loss of a spouse.