LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

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 · New foreclosure cases and repossessions are down nationally by about a third since last fall, LPS said. In New York, foreclosure filings are down 85 percent since September, according to the New York State Unified Court System. Mark Stopa, a St. Petersburg, Fla., specialist in foreclosure defense, has 1,275 clients, up from 350 a year ago.

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Distressed sales are 20% < less than non -distressed sales. The NAR has reported that the number of distressed sales has fallen from 38% to 26% of the total basket. Do the math, and this accounts for nearly all of the price improvement

If action is not taken to prevent underwater mortgages from going into foreclosure, Americans stand to lose nearly $221 billion in additional wealth from these mortgages alone. 5/31/13

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 · The ProPublica Blog reports:. outgoing federal deposit insurance corporation Chairwoman Sheila C. Bair’s revealing exit interview by the New York times’ joe nocera has generated plenty of buzz. But while the interview provided a comprehensive look at Bair’s role from 2006 to 2011, what caught our attention was her characterization of the foreclosure crisis.

There are almost three times the number of foreclosure starts as there are foreclosure sales distressed property inventory levels are almost 45 times the rate of monthly foreclosure sales This means that there is a backlog of properties which will start coming to the market in about 90 days as banks clear up their paperwork challenges.

Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are.

Last month’s sales were 31.5 percent lower than the August average of 27,070 sales since 1988, when DataQuick’s statistics begin. The average change in sales between July and August is a gain of 3.9 percent, compared with last month’s 2.1 percent decline from July.

This ââ¬Å”performing assetââ¬Â is often an equity interest in the entity acquiring the OREO or a trade for a large volume of loans such as. collateral acquired through or in lieu of foreclosure.

In Lyft’s Q2, it had revenue of $867.3 million and an adjusted net loss of $197.3 million. That means for every dollar of sales, Lyft lost 23 cents. By comparison, ShiftPixy had $14.3 million in revenue last quarter and a net loss of $5 million, which means it lost 35 cents.

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