LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

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LPS Data Shows Long Delays in Foreclosure Process. there is an enormous backlog of foreclosures in the pipeline that may be as great as 30 times the monthly sales volume of already foreclosed.

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Blitzer, chairman of the index committee at Standard & Poor’s. ââ¬Å”These data confirm what we have seen with recent housing starts and sales reports,ââ¬Â Blitzer continued. ââ¬Å”The housing.

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.

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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