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Recently I have been getting asked how long the foreclosure process takes. There is no standard answer to that question. I work in New York which has what is referred to as a judicial foreclosure process. To foreclose the bank must commence a law suit. The cases often take a year or more. Right now the Courts are imposing mandatory conferences which delay the process and bankruptcy will delay the process further. It is not always necessary to win if you can simply not lose.

This entry was posted on Wednesday, June 2nd, 2010 at 2:48 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.