36,000 in Massachusetts Alone are Living Long-Term in Foreclosed Homes
According to mortgage data processor Lender Processing Services, Inc., About 36,000 Massachusetts property owners are living – and have been living – rent- and mortgage-free in their homes as they...
View ArticleForeclosure Backlog Stands at Thirty Times Monthly Foreclosure Sales Volume
The shadow market is coming out of the shadows, and the numbers are staggering. According to a report released yesterday by LPS (Lender Processing Services), “foreclosure inventory levels [stand] at 30...
View ArticleMichigan Homeowners to Receive Legal Aid Fighting MERS Cases
Borrowers who may have been affected by improper foreclosures will be able to access up to $60,000 worth of legal aid if they live in Ingham County, Michigan[1]. The county board of commissioners...
View ArticleMore than 6.5 Million Mortgages Now Past Due
According to a report from Lender Processing Services, more than 6.5 million mortgages are now past due or in foreclosure[1]. The 6,538,000 mortgages throughout the country that are now delinquent...
View ArticleAmerican Home Mortgage Servicing Accuses LPS of Robo Signing
After unsuccessfully trying to recover losses via mediation and discussion, American Home Mortgage Servicing Inc. (AHMSI) is suing Lender Processing Services (LPS) and affiliate DocX LLC for “improper...
View Article42 Percent of Delinquent Homeowners Haven’t Made a Payment in Over a Year
According to information released in July by Lender Processing Services (LPS), fully 42 percent of all delinquent homeowners have not made a payment on their mortgage in more than a year. The average...
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