New Jersey Foreclosures Are Slowest in the Nation
The way that home foreclosures are handled varies enormously from state to state in the United States. For example, the time it takes for a home foreclosure to work through the system in the state of Georgia is typically weeks, in New Jersey it often takes several years. It’s important that homeowners and real estate professionals are aware of the idiosyncrasies of the local real estate markets where they live and do business. There is no “real estate market” per se; there are lots of local real markets each with its own unique laws, regulations and procedures.