Is a self-imposed eviction moratorium underway?

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Rather than sell low, are banks just holding onto increasing numbers of foreclosed homes and letting the former owners live in them?

Steve Dexter, a foreclosure expert and author of ‘Beat the Banks,’ has been hearing anecdotally that a growing number of Southern California banks are foreclosing but not evicting.

Seems the lenders don’t want more houses sitting empty and are telling some ex-owners to stay in their homes rather than turning around and reselling the properties right away. Rather than a foreclosure moratorium, this sounds like an eviction moratorium.

He operates out of Orange County, so I said I’d check with our readers. L.A. Land?

--Lauren Beale

Thoughts? Comments?