Foreclosure Limbo: Staying Without Paying


According to this  CNN Money article, nationwide  it takes an average of 565 days to foreclose on borrowers in default from the time of their first missed payment until the time of the auction of their home at a foreclosure sale. In New York, the average is 800 days. For those who want to then fight their eviction from the home, they can extend this time even further while their case is being decided in Court. One couple in Florida has remained in their home for 5 years without paying.Read article

 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s