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“Subordinate liens have become the biggest hurdle to resolving the foreclosure crisis more quickly,” he said. Homes with second mortgages were twice as likely to be underwater, according to a July 12.
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NEW YORK/IMMOKALEE, Florida (Reuters) – America’s leading mortgage lenders vowed in March to end. nearly 10 months after OneWest had launched its foreclosure action, which began in May 2010. Real.
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“A big issue is underwater borrowers,” said Sam Khater, senior economist for CoreLogic Inc., a real estate. foreclosures, Shuffield said. Listings may swell in coming months as lenders allow more.