Hidden Backlog of Foreclosures

Shadow inventory refers to the hidden backlog of foreclosures or potential foreclosures that have yet to hit the market. That still leaves the nation with a massive problem: Millions of properties in foreclosure – a backlog that has overwhelmed the courts in many states. In Florida, judges believe the answer may be.

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She said the increase in Denver, however, may be due to the public trustee’s office dealing with foreclosures that are coming in, causing a backlog of previously filed foreclosures that have not been.

Foreclosure activity has been declining in most non-judicial states because they didn’t build a huge backlog of pending cases during an industry-wide slowdown in foreclosures last year. Of the 19.

. decrease in the average foreclosure timeline indicates that banks have worked through the bulk of the legacy foreclosure backlog in most states – with a few lingering exceptions – and that most of.

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Tempering that optimism is the enormous backlog of delinquent loans, somewhere between 5 million and 5.5 million in serious delinquency.” Lenders are slowing down the foreclosure process. They.

withholding the money amid a foreclosure dispute on the couple’s 11-bedroom house in Morristown, New Jersey. The Victorian home, built in 1887 and owned by the retired couple for 38 years, is part of.

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Nobility Homes (OTC:NOBH) is a builder of manufactured housing in central Florida. The company is a tiny nano cap ($34m) and has fallen on hard times in the past few years, just like the majority of.

Hidden Backlog of Foreclosures alight reappeared: wielding valhalla presently, there’s a 10.8 month backlog and the numbers are steadily rising. If foreclosures continue at the current pace. has labeled it the "SHADOW BANKING SYSTEM" because it has lain hidden for.

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They find obvious problems, but also hidden and dangerous issues. "I don’t think there were any big surprises to us. We knew we had a backlog," she said. "We think their recommendations were very.

HIDDEN SUPPLY. Emerging From the Shadows. Though the backlog of foreclosures has eased, a largely concealed inventory of properties makes some real estate pros uneasy about its effects on the housing recovery. page 32 investor PULLBACK. Field Opens for Buyers. With investors pulling back, conventional home buyers are re-entering many markets.