LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

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A Quick Overview Of Primary Elements For mortgage broker melbourne LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume The statistics on the real estate foreclosure backlog are also staggering, with LPS reporting that the average U.S. loan currently in foreclosure has been delinquent for 537 days, and 30 percent of loans in foreclosure have not made payments in more than two years.

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The February Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that while delinquencies continue to decline, an enormous backlog of foreclosures still exists with overhang at every level. As of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time.

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Before you know it, you’re stalking homes for sale on your home-browsing app, rearranging your schedule so you can do drive.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.

LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are.

After increases in both foreclosure starts and sales in January, LPS is reporting a sharp decrease in February across all investor classes. The foreclosure backlog continues to plague the industry.