According to LPS’ analysis, total delinquencies and foreclosure inventories are still climbing and continue to set new record highs. In January 2010, the company put the foreclosure rate at 3.27 percent. Short Sales and Loan Modifications not enough, Bank Owned and foreclosed homes to continue to build.
The experts at Lender Processing Services (LPS) caution that declaring the recovery has taken hold may be premature.
