New York foreclosure courts face seven-year backlog: RealtyTrac

According to an article in, the number of homes entering into foreclosure hit a seven-year low in the third quarter of this year. This shows fewer homeowners are failing to meet mortgage.

 · In New York, it took an average of 1,001 days for the foreclosure process to run its course in the second quarter, down from 1,056 days in the first quarter. Of the homes that entered the foreclosure process in June, those that end up as bank-owned properties would likely hit the market a year from now, Blomquist said.

New Foreclosure Filings Fall to Seven-Year Low.. have seen a growing backlog of foreclosures as courts are overwhelmed by the sheer number of cases.. — Written by Shanthi Bharatwaj in New York.

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New York foreclosure courts face seven-year backlog: RealtyTrac. New foreclosure filings fall to Seven-Year Low.. have seen a growing backlog of foreclosures as courts are overwhelmed by the sheer number of cases. SoFi officially licensed to lend in New York Posted on by Seth Kautz.

In its 2014 year-end summary of foreclosures, RealtyTrac reports. The housing bubble began to burst in early 2007.7 Federal.. Governments and courts created. They all require mortgage service providers to meet fact-to-face with. County Weight Drastic Plan to Aid Homeowners, N.Y. TIMES (July 14,

New York foreclosure courts face seven-year backlog: RealtyTrac Goldman Sachs legal costs could lift amid mortgage investigations Goldman Sachs recently announced that it has reached an agreement in principle to pay $5.1 billion to settle an investigation by the government into its activities involving residential mortgage-backed securities in.

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New Jersey. Foreclosures in New Jersey took around 1,212 days to complete. Florida. The Florida foreclosure process took on average 1,196 days. (To learn about the basics about foreclosure laws in these states and others, see our Key Aspects of State Foreclosure Law: 50-State Chart.) States With the Fastest Foreclosure Timelines

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