Hidden Backlog of Foreclosures

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But the drop is due to a backlog of paperwork at the banks and not because of a recovery in the housing market. renee MONTAGNE, Host: NPR’s business news starts with a drop in foreclosures. (SOUNDBITE.

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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.

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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The Hidden Benefit of the Foreclosure Backlog: No Mortgage Payments Some Florida homeowners who have lost their jobs or have otherwise fallen prey to the Great Recession are benefitting from the backlog. As lenders slow the rate at which they are filing foreclosures, many people have been able.

LONDON – Within days of a cyberattack, warehouses of the snack foods company Mondelez International filled with a backlog of Oreo cookies and Ritz crackers. Mondelez, owner of dozens of well-known.

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States with some of the largest backlogs of foreclosures are seeing. Banks are trying to capitalize on rising home prices by selling seized homes more quickly. States with some of the largest backlogs of foreclosures are seeing an upswing in properties that are moving.

The backlog of foreclosure properties is enormous, so pulling back from foreclosure in the short term is like bailing the sink before pouring in Liquid Plumber. They still have a clog and a sink full of soiled water, but they realized continued filling the sink is doing them no good.

A passport now takes no less than a year to be issued. An emergency passport can take months amid a backlog of 280,000 applications, never mind recent ones. Zimbabweans at the main office in the.