Wednesday, October 7, 2009

MORTGAGE FORCLOSURE

I recently attended a seminar on mortgage foreclosure workouts and will be discussing same in upcoming blogs. One thing of note - the typical foreclosure action in New York State, from service of papers to foreclosure sale, takes around 500 days. In Nassau County, around two years. In upstate New York, the process is quicker. Most foreclosure actions, at the moment, are in Queens, Nassau and Suffolk.

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