Hidden Backlog of Foreclosures

fortunate-you: Refinance Mortgage Florida There are still 6.9 million underwater homeowners in the United States. There is a way to provide refinancing for these homeowners. Use Hardest Hit Funds as a new second mortgage that would cover a.

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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Hidden Backlog of Foreclosures Posted by Michael Shedlock at 3:42 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.

But that also means that there is a hidden backlog of home loans in default that could end up in foreclosure. Moody’s Economy.com estimates that lenders will foreclose on 1.89 million homes in 2009, up from 1.43 million last year.

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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.

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Experts say ‘shadow’ homes won’t crush housing. Experts say ‘shadow’ homes won’t crush housing. Shadow inventory refers to the hidden backlog of foreclosures or potential.

HIDDEN SUPPLY. Emerging From the Shadows. Though the backlog of foreclosures has eased, a largely concealed inventory of properties makes some real estate pros uneasy about its effects on the housing recovery. PAGE 32 investor pullback. field opens for Buyers. With investors pulling back, conventional home buyers are re-entering many markets.

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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.

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