This blogger last week said basically the same thing, citing an array of reports from which he argues that there is a hidden backlog of foreclosures. Obviously the present crisis is all about debt.
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· The inventory of foreclosure homes will increase in 2012 as the backlog begins clearing after the robosigning scandal and lawsuits are settled, and new home builders have to be more out front like Fulton Homes if they want consumers to choose their product over what appears to be a less expensive option.
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The lack of staffing during a government shutdown at agencies that provide home loans could leave borrowers at risk of preventable foreclosures.
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And while city officials haven’t yet presented a formal proposal on how to resolve the backlog, police commissioner william Bratton has floated one approach that advocates and others are already.
"It’ll probably surpass 1.5 million before it’s all said and done." Foreclosures may finally start to slow down next year. But it will be 2013 before banks sell off their backlog of unsold houses. As.
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An upcoming June mortgage foreclosure sheriff’s sale also may be continued due to the backlog in PIN certifications. clearly in an attempt to draw attention to the bullet wound just hidden under.
Florida law firm fires 14 employees for wearing orange Florida Home Mortgage and Foreclosures Info With a short sale, you sell the home, with the lender’s permission, for less than the amount owed on the loan. In a deed in lieu of foreclosure, the borrower voluntarily agrees to sign over (convey) title to the home to the lender.
Search for foreclosure anywhere in the United States. With our extensive listing of real estate auction and bank owned homes, you can locate, buy, and sell foreclosed homes in any state across the US. From Alabama to Wyoming, we have your foreclosure needs covered.