"The home-foreclosure process is taking so long in New Jersey that homeowners in distress now have more than 2 1/2 years, on average, from the time the lender first initiates the process to the time they actually are forced out of the home. Foreclosures in the state dropped 80 percent last year in the wake of the 2010 robo-signing scandal, in which lenders were accused of rushing through foreclosure documents without proper review — an issue that is still unresolved."
from loan safe...
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