Foreclosure Free Ride: 3 Years, No Payments


The time it takes for a lender to foreclose on a home has tripled in the past four years. According to this CNN Money article, more and more borrowers are using the tactic of demanding that the lender produce required original documents and affidavits in order to proceed with the foreclosure. In many cases, the lender is unable to do so and the judge will stay the foreclosure until the proper documents can be located.

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