LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Contents foreclosure inventory levels stand times monthly foreclosure sales Top 3 reasons pert florida Fourth quarter stands As of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will Read more.

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According to a report released yesterday by LPS (lender processing services), "foreclosure inventory levels [stand] at 30 times monthly foreclosure sales volume." As a result of this massive backlog, real estate analysts expect more downward pressure on U.S. home values as most of these homes are likely to reenter the market as REO.

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According to a report released yesterday by LPS (Lender Processing Services), "foreclosure inventory levels [stand] at 30 times monthly foreclosure sales volume." As a result of this massive backlog, real estate analysts expect more downward pressure on U.S. home values as most of these homes are likely to reenter the market as REO.

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LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume LPS reports that the total U.S. loan delinquency rate stood at 8.8 percent as of the end of February. The U.S. foreclosure inventory rate hit 4.15 percent.

As of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values.

After increases in both foreclosure starts and sales in January, LPS is reporting a sharp decrease in February across all investor classes. The foreclosure backlog continues to plague the industry.

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