Real estate blog entries tagged with lps foreclosure update by Nancy Moeller (Seven Gables Real Estate)

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Home : Blogs : Nancy Moeller : Nancy's Blog : Tag "lps foreclosure update"

lps foreclosure update: You are not alone - 03/29/11 01:47 PM

A report issued by LPS on Monday and reported by DS News today, reports that as of the end of February, foreclosure inventory levels were more than 30 times the monthly foreclosure sales volume. In other words, we have over 2.5 years of foreclosure inventory to come through our market.
Ultimately, these foreclosures will most likely reenter the market as REO properties, LPS notes, putting even more downward pressure on U.S. home values.
LPS reports that the total U.S. loan delinquency rate stood at 8.8 percent as of the end of February. By the company's calculations, there are a total of … (1 comments)

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Nancy Moeller

Anaheim Hills, CA

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