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Presumably this is because the process was put on hold during the foreclosure processing scandal a while back and that created a backlog that is only now being. It does make me wonder if there’s.
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from an average 19.4%. A couple of charts can help put this in context. Here is a chart from Hidden Backlog of Foreclosures. Pent Up Foreclosures By State In regards to the above chart I said. The.
Yet a hidden danger of a shortage of judges is having a serious. a process that can take up to six weeks just to prepare and as long as three years following the trial given the backlog of cases to.
Massachusetts foreclosure activity increased in April as lenders moved to deal with delinquent loans, according to a report released Tuesday by the Warren Group, a Boston company that tracks local.
The " Hidden Backlog " mentioned above (and highlighted in red) is within that pink area. One thing missing from the chart is pent-up demand from those who are not delinquent yet have a huge incentive to walk because of massive negative equity.
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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.
Pent Up Foreclosures By State. click on chart for sharper image. In regards to the above chart I said. The area in pink represents potential foreclosure demand. Not all of that area will be foreclosed, but some of it sure will. The "Hidden Backlog" mentioned above (and highlighted in red) is within that pink area.