Relevant:
- foreclosure inventory 30x foreclosure sales volume
- Over 4 Million Loans 90+ Days Delinquent or in Foreclosure, 72% in Foreclosure Not Made Payment for at Least 1 Year
- Mortgage Delinquencies Continue to Decline as Foreclosure Inventories Climb
- Florida foreclosure timeline grows to two years as cases increase
- March LPS Mortgage Monitor Report: 30% of Loans in Foreclosure have not made a Payment in Over 2 Years
2012-04-17 — housingdoom.com
For the past couple of years, "foreclosure squatters" have been able to stay in their homes without making a mortgage payment. In the first quarter of this year, the average time between the first missed payment and foreclosure was 370 days. Now that the banks have agreed to the $26 billion dollar settlement though, there are many who believe that "the golden age of foreclosure squatting" has come to an end.
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