My Personal Credit Crisis : http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html
check out the last paragraph of the article in page 6.
"I was actually beginning to feel sorry for Chase. It seemed to be so
flooded with defaulting borrowers that it didn’t have time to foreclose on
my house. Eight months after my last payment to the bank, I am still waiting
for the ax to fall. "