how will this affect housing market/prices in GA? (foreclosures, homes)

[twowolves]

http://www.palmbeachpost.com/money/bank-of-america-delays-foreclosures-in-23-states-948817.html (broken link)

I see GA is not on the list of the 23 states.

How, if any, will this new housing 'paperwork crisis', affect GA home prices/inventory?

Perhaps, does anyone see GA or any of the 27 other non-listed states, being added to the list?

My question is: If the 23 states have been found to have just 'signed' away thousands of foreclosures to move forward w/out being 'read'(gee sounds like the Obamacare bill), who's to say that GA or the 26 other non-listed states, 'read' their thousands of foreclosures in any more thorough manner?

[FromGA]

The banks are reviewing their paperwork etc to be in better compliance. Based on what I read, it seemed to indicate that most of these homes would go into foreclosure in any case. So if anything this will just prolong the issue, rather than give any real relief.

[rcsteiner]

Originally Posted by twowolves

Bank of America delays foreclosures in 23 states (http://www.palmbeachpost.com/money/bank-of-america-delays-foreclosures-in-23-states-948817.html - broken link)

I see GA is not on the list of the 23 states.

The list of states in question are states which have more complex procedures (a court approval is needed before a foreclosure can happen), and Georgia is not one of those states.