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The company reports that the average loan in foreclosure right now has been delinquent for a record 537 days, and 30 percent of loans in foreclosure have not made a payment in over two years.
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in more than a year, raising the risk that home sales will keep slowing, economists said before a report today." LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume – "New data released by Lender Processing Services (LPS) Monday show that while delinquencies continue to decline, an enormous
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LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Lender Processing Services’ (lps) latest market report says foreclosure starts jumped 28 percent between December and January, and foreclosure sales soared 29 percent. "While one month of data does not necessarily indicate a trend, this surge could suggest the backlogged foreclosure pipeline is beginning to move," LPS said in its report.
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Beware, the Foreclosure Collection Man Cometh You can significantly increase your odds of avoiding foreclosure simply by steering clear of common real estate investment mistakes. Before you buy your home, make a realistic budget allowing for every expense you will incur in your new home.
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