Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: RealtyTrac

Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: RealtyTrac

Lies, Damned Lies, and Shadow Inventory. Shadow inventory may be improving on a nationwide scale but not for California – Notice of defaults rise approximately 70 percent in latest month of data. Beverly Hills shadow inventory nine times the size of MLS public foreclosures.

Government Measures No Match For Second Wave Of Foreclosures When the Obama administration in March instituted programs to help homeowners modify mortgage payments or refinance for lower interest rates, the idea was to curb the foreclosure crisis that has gripped the United States for the past two years.

Lenders may have inventory of foreclosed homes that have not been released yet. It may be that the process is taking longer, and the REO departments cannot handle the volume, some may have title issues, some might be in a short sale process, or some may be occupied by tenants that just were granted a whole slew of rights through Protecting.

In 2010, the data shows, foreclosures are waning. This is reason for optimism – especially as FHA delinquencies slow nationwide. As fewer homeowners go delinquent, the pace of foreclosures will slow further and that should help boost home values on every block in the country.

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more foreclosures in the pipeline in 2010. In several states, moratoria on foreclosure proceedings has led to an increased pipeline of loans delinquent 90 days or more, which could well become foreclosures in the next year. In fact, the real problem in terms of foreclosures is the deterioration in mort-gages once they have entered delinquency.

Your Resource for Foreclosure Properties. RealtyTrac offers a one-stop shop for homes buyers, investors, and other real estate professionals. You’ll get access to the largest selection of foreclosures, foreclosed homes for sale, MLS listings, auctions and bank-owned homes.. RealtyTrac provides robust property information and neighborhood data that will allow you to make better decisions about.

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Foreclosure filings dropped 5% over the first half of 2010 as lenders continue to delay proceedings to focus on short sale and loan modification efforts, according to RealtyTrac, an online.

Foreclosures may have had a rare down month in October, but don’t expect it to last. Interest struck a new low, while mortgage activity is up. We’ll round out the week with 2010 expectations on home-building and guidance for the next two years. RealtyTrac: Robo-Signing Mess Stalls Foreclosures in October

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