It was reported today that bank foreclosures fell 27% nationally as compared to February of 2011. What does this mean. If you have been paying attention to this mess lately you may have seen that there has been an ongoing investigation by state and federal authorities of the banks handling of foreclosures and loan modifications. Last week the Attorney Generals of all 50 states, the Justice Department, the Department of Housing and Urban Development and FTC presented a 27 page list of demands upon the banks addressing their botched practices and seeking penalties from $5 billion to $20 billion.  It appears that while the banks are negotiating with the authorities they have put a hold on many foreclosures.  Neither side has indicated what their time table is to get this matter resolved or how they plan on distributing the penalties.