Sentence examples for backlog of foreclosures from inspiring English sources

All three still have a backlog of foreclosures yet to make their way through the courts.

Investors large and small have also scooped up most of the backlog of foreclosures and short sales; about 40 percent of all homes bought in Sacramento County over the last year were purchased by owners who currently live at a different address, according to county records and title data provided by the Fidelity National Title Insurance Company.

Borrowers in New York and New Jersey would feel considerable pain if the tax exemption expired, because both states have a backlog of foreclosures, said Michael Litzner, the owner/broker of Century 21 American Homes, which has offices on Long Island.

5), which looked at the special courts that Florida has established to reduce a backlog of foreclosure cases: The housing market right now is like a game of hot potato.

It continues to have one of the country's largest backlogs of foreclosure cases: 360,000.

Banks continue to suffer from a large backlog of mortgage foreclosures, high loan servicing costs, margin contraction, weak loan demand, and outstanding regulatory issues such as the Volcker Rule.

The sluggish process has caused a backlog of loans in foreclosure and is slowing the housing market recovery in judicial states, says Michael Fratantoni, the vice president for research and economics at the Mortgage Bankers Association.

Freddie Mac's struggle to put losses on loans originated during the housing boom behind it have been challenged by a sputtering economy, and now problems in clearing the backlog of delinquent borrowers through foreclosure.

"Lenders foreclosed on a record number of properties in September and in the third quarter, taking a bite out of the backlog of distressed properties where the foreclosure process was delayed by prevention efforts over the past 20 months," said James Saccacio, chief executive of RealtyTrac.

But there still is a decent amount of foreclosure backlog in some local markets that needs to be cleared out of the system.

That is contributing to an 11-month backlog of 2.5 million loans ripe for foreclosure.