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Question? How long can a home remain in foreclosure?
How long can a home remain in foreclosure?  Is there a statute of limitations on the amount of time a lender has until they must refile a foreclosure action or can it go on indefinately? 
I have a colleague who has his home in foreclosure with Bank of America for four years now.  I cannot locate the statute on this.  Does anyone know the answer?
Thank you in advance! 
Diane Wheatley, Broker
 
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