Number of Americans in foreclosure plummets: LPS

Lender Processing Services (LPS), Jacksonville, Fla., reported that by the end of October 2010 the total U.S. foreclosure inventory rate reached 3.92%, marking an all time high in the size of the inventory – which now equals 7.4 times the historical averages and continues to rise.

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For the sixth consecutive month, Florida posted the nation’s highest state foreclosure rate, with one in every 282 properties facing a foreclosure filing in February. A total of 31,726 Florida.

The number of Americans in foreclosure plummeted nearly 25% in April from year-ago levels, according to the latest "First Look" Mortgage Report from Lender Processing Services (LPS). The total U.S. foreclosure pre-sale inventory rate reached 3.17% in April, down 24.55% when compared on a year-over-year basis.

Time Frame: Completed Foreclosures between Jan 2007- Dec 2009 Step #1) Using LPS: Calculate completed foreclosure rates by state, occupancy, origination year and loan type step #2) Assign these completed foreclosure rates to corresponding originations in HMDA Step #3) Estimate the total number of foreclosures and by race/ethnicity

The number of people who signed contracts to buy homes rose sharply in May. Americans default on their mortgages. Nearly 2.2 million homes are in foreclosure and another 1.9 million homes are more.

Las Vegas, the center of the U.S. housing speculation and collapse that sparked a global financial meltdown, is again enticing buyers after a 62 percent price drop, the steepest of any American city ..

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An increasing number of Americans are requesting credit counseling appointments to talk about impending foreclosure. The best thing you can do is to avoid the foreclosure phase and work out a.

The number of homes for sale is rising and sales dropped sharply in March.. a year earlier and off the all-time high of $537,000 reached in June.. Open houses have also been increasingly busy as the opening of the traditional spring buying season coincides with a. Now, buyers may finally be balking.

At All American Foreclosure Service we process Foreclosures from start to finish. We manage non-judicial foreclosures in all Counties throughout the State of California. We provide one-on-one personal service and direct information so you can determine the best and most cost effective foreclosure solution.

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