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LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

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Lender Processing Services (LPS) estimates that, given the backlog of foreclosure processing, there may be as much as 30x the monthly sales volume of already foreclosed homes. The February Mortgage.

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As of the end of February, LPS says foreclosure inventory levels stood at more than 30 times monthly foreclosure sales volume. The Office of the Comptroller of the Currency (OCC) has issued a notice.

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How to Decide Mortgage Masters group lps: foreclosure backlog stands at 30x Foreclosure Sales Volume At Elite Executives, we know that buying or selling your home is more than just a business transaction for you. It’s an emotional experience, too. Your home is your comfort and your sanctuary, where you live and watch your children grow.

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Although our Origination Services business was strong, fueled by the high refinance volumes, this was offset by declines in Default Services, which continue to be impacted by industry-wide foreclosure.

 · Unusually high levels of foreclosed homes for sale continue to suppress home prices and delay a return to normalcy in the housing sector. Here are two charts that show (A) the problem is still very real, and (B) it may get better over the next 6 to 12 months. Chart #1 – Many Homes Stuck’ in Foreclosure Pipeline

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The latest Tweets from Shonda Williams (@shondawilliams). I am your Realtist/Realtor, Certified Short Sale and Foreclosure Resource, Certified REO Specialist. I service San Bernardino, Riverside, and L.A. Counties. Inland Empire

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.

As of the end of February, LPS says foreclosure inventory levels stood at more than 30 times monthly foreclosure sales volume. After declining for two months, pending sales of existing homes.

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