USA Today: Foreclosure backlogs could take decades to clear out
Foreclosure backlogs could take decades to clear out By Julie Schmit, USA TODAY 2011.11.08 07:14 PM Foreclosure sales are moving so slowly in half the states that at the current pace, it will take more than eight years on average to clear the 2.1 million homes in foreclosure or with seriously delinquent mortgages, new research shows.