Beginning in late 2010, banks had to halt thousands of foreclosure proceedings nationwide when it became known that related filings were being signed without being adequately reviewed, creating a.
State gave coveted driving tests to schools trying to cash in on backlog.. Mistake Contributed to Hundreds of Foreclosures Photo: Matt Rourke/AP. Man admitted he put hidden cameras in MOA.
Hidden Backlog of Foreclosures Courtesy of Mish When it comes to foreclosures, there is no such thing as a "safe state". Even states that did not engage in widespread use of liar loans and other silly mortgage lending practices are struggling with 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.
Foreclosure starts in Massachusetts jumped sharply in April, the increase largely the result of a backlog created by new regulations taking effect, the Warren Group said Thursday. "Lenders filed 740 petitions to foreclose in April compared with 327 filings in April 2013," a rise of 126 percent, said the Warren Group, a Boston firm that tracks local real estate data.
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· Hidden compartments have been used as living spaces, with people hiding in attics, tool sheds and garages to elude police.. and a six-month backlog of cases at the Loudoun courthouse is.
During the AG’s investigation, banks had been sitting on lots of homes that were in default because basically they were afraid to move ahead with foreclosure, with this lawsuit hanging over their.
RealtyTrac Vice President Daren Blomquist says that although New Jersey has seen a 42 percent increase in foreclosures in the first quarter, a 12 percent decrease in March could be a sign of change.
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"The government has a pretty big chokehold on the foreclosure process," says Madeline Schnapp, the director of macroeconomic research at TrimTabs Investment Research. But that also means that there.
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