Report on the Foreclosure Storm On March 12, the multi-state Attorneys General agreement was filed, ending the Robogate scandal and opening the way for expedited foreclosure processing. Foreclosure activity hit a five-year low in the first quarter according to RealtyTrac and Lender Processing Services reports first-time foreclosures remained stable in February as repeat foreclosures saw an 8 percent month-over-month decrease. Even delinquencies were down 12.2 percent from last March, … [Read more...]
Foreclosure Update: Happier Days on the Way for Judicial States
February 2, 2012 By Leave a Comment
Foreclosure Update: Happier Days on the Way for Judicial StatesAmerica has become a nation of two foreclosure realities: judicial states, where judicial review is required for every foreclosure, and non-judicial states. Both have their processing problems, but delays in judicial states are setting new records and impacting local real estate economies.December data from Lender Processing Services (LPS) paints a picture of increasingly clogged foreclosure pipelines struggling with aging … [Read more...]
Get a copy of my best selling book ($9.97 on Amazon.com) and an investor training video series FREE!
