Florida leads the nation in most non-current loans, along with Nevada, Mississippi, Georgia, and New Jersey.

It's quite evident that the foreclosure backlog is growing, as 2.1 million mortgages are at least 90 days late, but not yet in foreclosure, according to the December Mortgage Monitor report from Lending Processing Services.

The company noted that while loans in this category have declined, the number of loans moving to a seriously delinquent status beyond 90 days is still far outpacing the number of foreclosure starts.

Additionally, the average borrower in foreclosure hasn't made a mortgage payment for 507 days, which is up from 319 days back in January 2009.

All these numbers truly reveal is how the various foreclosure moratoria and robo-signing scandals have brought foreclosure proceedings to a temporary halt.

Foreclosure inventory is currently 7.8 times the historical average AND RISING, while the total number of delinquent loans is nearly twice historical averages.

Is it 'YOUR' Time to Bailout?

Begin protecting your family today; Call the Carman Law Firm at (561) 392-7031 or toll-free at 1-800-763-0775or email us at info@carmanlegal.com, get answers you need and schedule an informative and free comprehensive consultation on how the Carman Law Firm can help you.