Delinquencies remain ex-traordinarily high
Delinquencies remain near all-time highs. How high are we talking? According to Lender Processing Services, there were 7.4 million delinquent loans (60 days or greater) at the end of March. The number of loans moving from seriously delinquent to foreclosure in-creased in March. They won’t, but if all of these loans de-faulted and the underlying properties were sold in a dis-tressed sale (foreclosure or short sale), that alone would represent two full years of an-nual sales volume.
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Delinquencies remain ex-traordinarily high FYI From Real Property 4 you
June 8th, 2011 | posted by bret1218
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