Foreclosure starts and foreclosure saw a significant jump last January, rising by 28% and 29% respectively on the previous month’s totals, according to the Lender Processing Services’ (LPS) latest available data.
US Facing Decades of Foreclosure Hell
November 11, 2011 by
New research compiled by LPS Applied Analytics and published in USA Today paints a particularly gloomy picture of the foreclosure situation, with the huge backlog of foreclosed home likely to take an average of 8 years to clear at the current rate of sales in US states. The shocking report revealed that in three states –
