Foreclosure News
The news reports today tout significantly lower foreclosures in April than the same period a year ago. It's difficult to determine if this suggests improvement in the market or other factors. The following tidbit from the Miami Herald might provide some insight:
In Florida, it now takes an average of 619 days—about 20 months—for the foreclosure process to run its course. That’s up from 470 days last year, and 169 days in 2007.
Thursday, May 12, 2011
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