A recent report from a mortgage monitor shows the number of days foreclosures are delinquent is rising. LPS (Lender Processing Services) is reporting an increase of about 14 days since the August measurement.
“Almost 40% of loans in foreclosure have not made a payment in more than two years and foreclosure starts outnumber sales by more than three 
to one.
Meanwhile, new problem loan rates rose sharply the past two months, with 1.6% of seriously delinquent loans in September current six months ago.”
In the Charlotte area, August – September 2011, distressed properties comprised 15.9 percent of all new listings but 21.4 percent of closings. This data suggests consumers are absorbing distressed inventory faster than lenders are listing them. That same popularity continues to exert downward pressure on prices.
“Some data based on information from the Carolina Multiple Listing Services, Inc. for the period August 2011 through September 11, Charlotte Region”
http://www.housingwire.com/2011/11/01/lps-foreclosures-delinquent-an-average-of-624-days
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