In judicial states the foreclosure process must be handled through the state’s court system thus extending the time lines to bring a home to foreclosure.
The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: Florida (12.0 percent), New Jersey (6.7 percent), Illinois (5.3 percent), Nevada (5.0 percent) and New York (5.0 percent).
Contact me with any Real Estate questions- Neal Paskvan, DOWNERS GROVE AGENT, Baird Warner
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