Hidden Backlog of Foreclosures

And a backlog of. The foreclosure crisis in the Richmond area is in the distant rear view mirror, according to a Foreclosure Market Report released this morning. "The Richmond area has been in the normal or safe. The "Hidden Backlog" mentioned above (and highlighted in red) is within that pink area.

Veterans affairs secretary eric Shinseki defended his agency Tuesday attributing the growing backlog of claims in the VA system. behind on their mortgage payment and were in danger of foreclosure.

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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Foreclosure tracking firm RealtyTrac says foreclosure activity has picked up in some states, as banks deal with a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to.

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.

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.

The measure, developed after years of discussion and criticism over the state’s backlog, was unveiled by Democratic Attorney General Josh Kaul, a bipartisan group of lawmakers, victims’ rights.

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Hidden Backlog of Foreclosures What worries Khater more are states where sharply rising unemployment is coupled with many homeowners who already owe more than their houses are worth. He points to.

Government moratoriums have effectively created a hidden backlog of foreclosures that one day have to be dealt with. There are also more warning sign of homeowners under duress emerging as fewer are catching up on lapsed mortgages.

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Hidden Backlog of Foreclosures It’s been more than six months since government regulators and banks first extended an offer to 4.3 million homeowners facing foreclosure: to review, at no cost, the foreclosure process to check for.