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LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

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An Overview of Foreclosures January 24, 2013 Presented by:. Nor do they include approximately 3m housing units that stand vacant – foreclosed upon but not yet listed. To the extent short sales increase, the foreclosure pipeline will be reduced.

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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. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values.

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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. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values.

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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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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.

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 monitor report shows that both delinquencies and foreclosures starts have declined steadily over the last year, but a major reason for the backlog.

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. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values."

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. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values.

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