The real estate foreclosure process is getting very long time according to information from recent survey. The offending loans in five legal process states use more than 500 days in foreclosure process with the standard time in process at 358 days which is 7 days less in a year.
The borrower in loan cases is offending for 90 days or more then no expenses have been made for next 16 months on average. The States that take the longest time to process offending loans are Florida and New York are the judicial process states. Maryland, California, Virginia, Nevada, Massachusetts, Rhode Island, and Arizona are the non-judicial process states.
The borrower in loan cases is offending for 90 days or more then no expenses have been made for next 16 months on average. The States that take the longest time to process offending loans are Florida and New York are the judicial process states. Maryland, California, Virginia, Nevada, Massachusetts, Rhode Island, and Arizona are the non-judicial process states.
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