Hidden Backlog of Foreclosures

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RealtyTrac Vice President Daren Blomquist says that although New Jersey has seen a 42 percent increase in foreclosures in the first quarter, a 12 percent decrease in March could be a sign of change.

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.

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.

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.

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.

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.

Baud v. Carroll On September 26, 2008 (the "Petition Date"), the Appellees filed for Chapter 13 protection with the United States Bankruptcy Court for the Eastern District of Michigan. See Baud v. Carroll, 415 B.R. 291, 293 (E.D.Mich.2009).

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Savvy investors will oftentimes say that off market listings uncover hidden (and profitable. listings in the US housing market including foreclosures, tenant-occupied rentals, and more.