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Stalling foreclosure? Florida is a top runner - Stay in Your Home
I recently read an article in the Florida Realtors online blog (http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=252076 ) about how Florida is #2 in the nation for longest foreclosure process.  Can you guess who is #1?  New York!  

I lived in New York too and remember their court processes and how often they favored the tenant, the homeowner, etc.   I guess on one had this is a good thing because it can protect the consumer, giving them longer to make other arrangements, try to resolve the situation, etc.   

On the other side of the coin, however, is the investor.  Weather that is the bank, an institution of some sort or an individual, getting an asset (or in this case likely a liability) back into the stream of commerce – eventually is a good thing for the neighborhood.


As an appraiser, I often see vacant home after vacant home with no “For Sale” sign in front.  I find later these are in the process of foreclosure and the occupants have vacated.  What a sad story for all parties when this happens.  I have a couple in my own neighborhood.  The home now sits vacant, grass is dead, weeds abound and papers ... more

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