Hidden Backlog of Foreclosures

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AFTER a brief lull, the parties have resumed their campaign against foreclosures. The spark for renewing the campaign was provided by news that the submission of applications to the Estia scheme.

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The "Hidden Backlog" mentioned above (and highlighted in red) is within that pink area. One thing missing from the chart is pent-up demand from those who are not delinquent yet have a huge incentive to walk because of massive negative equity.

Super mall hidden backlog Mortgage interest rates people come from all over the region to shop at Metrotown, but their primary destination is the Metropolis supermall, British Columbia’s largest shopping centre.

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The "Hidden Backlog" mentioned above (and highlighted in red) is within that pink area. One thing missing from the chart is pent-up demand from those who are not delinquent yet have a huge incentive to walk because of massive negative equity.

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“We’ve seen some impressive year-over-year drops in petitions recently as the backlog of foreclosures gets cleared up, but this is among the biggest,” said Timothy Warren, CEO of The Warren Group..

Foreclosure starts in Massachusetts jumped sharply in April, the increase largely the result of a backlog created by new regulations taking effect, the Warren Group said Thursday. "Lenders filed 740 petitions to foreclose in April compared with 327 filings in April 2013," a rise of 126 percent, said the Warren Group, a Boston firm that tracks local real estate data.

 · NY, NJ suffer foreclosure backlog The number of foreclosures in New York and New Jersey is higher than the national average and the numbers are climbing, according to reports from Reuters. Experts say.

 · Rush to clear foreclosure backlog costs Florida homeowners A for sale sign lays on the ground in front of a foreclosed home in Homestead. Florida became a poster child for the housing crisis.

This blogger last week said basically the same thing, citing an array of reports from which he argues that there is a hidden backlog of foreclosures. Obviously the present crisis is all about debt.